Question 2 (1 point) Referring to the following figure, which of the four graphs represents the market for Caribbean resorts' hotel rooms when the weather turns warm in Alberta? (Assume Albertans go to Caribbean for vacation when it gets cold) graph D graph A graph C Ograph B Question 3 (1 point) Referring to the following figure, which of the four graphs represents the market for pizza if the price of tomato rises? (Tomatoes are inputs of pizzas) XX O graph B O graph C Ograph D Ograph AQuestion 4 (1 point) Given the following information: (1) Beer and pizza are often enjoyed together. (2) tomatoes are inputs for pizza. Which of the following four graphs best represents the beer market when the price of tomatoes rises sharply? Ograph B Ograph D Ograph A O graph CQuestion 4 {1 point] Ii the production oi a good yields a negative externality. then the social cost curve lies ____ the supply.f curve and the socially optimal quantity is __ than the equilibrium quantity. In other words. the market equilibrium tends to _ _ and there will be a deadweight loss associated with it. 0 above. less. over-allocate 0 below. less, under-allocate 0 above. greater, over-allocate 0 below. greater, under-allocate Question 5 {1 point] Reier to the iollowing Figure. If the market is currently producing at [11. how could total economic well-being ltotal surplus] be increased? 0 if output increased to [13 0 if output increased to [12 Q If output stayed at [11 0 if output increased to Q4