Question 2 (1 point) ) Listen FIGURE 3-4 Price E D C D1 Do Quantity Refer to Figure 3-4. What does a change from Point A to Point C represent? O a decrease in demand O a decrease in quantity demanded an increase in demand OO an increase in quantity demandedQuestion 20 (1 point) Listen FIGURE 4-5 Price of Gasoline Quantity of Gasoline Refer to Figure 4-5. What is occurring in the market for gasoline? OA price ceiling has been imposed resulting in a surplus of gasoline. A price floor has been imposed resulting in a shortage of gasoline. ()A price floor has been imposed resulting in a surplus of gasoline. A price ceiling has been imposed resulting in a shortage of gasoline.Question 5 (1 point) () Listen A production possibilities curve is concave to the origin. What happens to the opportunity cost of production of the good on the X-axis as we move down along the curve? O It first decreases, then increases. O It decreases. It increases. O It remains constant.Question 6 (1 point) () Listen FIGURE 2-1 40 Cupcakes 24 20 12 production possibilities Curv F O 45 10 Cakes Refer to Figure 2-1. Which of the following statements best describes a movement from Point C to Point D? The sacrifice of four cupcakes is required to obtain one cake. O The sacrifice of one cake is required to obtain four cupcakes. Inputs are reallocated without affecting overall levels of production. O Unemployment increases.Question 7 (1 point) ) Listen FIGURE 2-7 B 300 Wheat 200 100m 100 200 300 400 Soybeans Refer to Figure 2-7. In order to move from Point D to Point B, what will the economy have to give up? 200 units of soybeans O O 200 units of wheat O 100 units of wheat O nothingQuestion 8 (1 point) ) Listen FIGURE 2-6 Production possibilities curve Clothing Food Refer to Figure 2-6. What does Point A indicate about how the economy is using its resources? It is NOT using its resources efficiently. It is using its resources efficiently to produce both food and clothing. OOO It is using its resources efficiently while producing food but NO clothing. It is using its resources efficiently while producing clothing but NO food.Odean's expectations lam expecting that the content delivered will be relevant and fitting to the business world. lam expecting that there will be frequent communication with the pi'ofessor for clarity especially since the program is online. lam expecting that time ranges selected for deadlines by both the professor and team members will be feasible and realistic. lam expecting individuals to be cooperative especially where group work is concern. My GOAL for this course is to acquire knowledge that I can successfully use and apply to the outside world to aid in meeting in the dynamic changes of this global world. Another GOAL is to have a rich and authentic learning experience that will be benefitting to whatever organization I get to work in after school. Another GOAL is to finish this course with an A grade average. To achieve these goals, lam prepared to study hard, he on time with my assignments and being responsible throughout the Course. ??? [ Depends number of peop your group] Od- Get explanatio