Question 21 Not yet answered Points out of 1.00 Which of the following could cause a contraction o'l supply of a good? 0 a. An increase in the price of a substitute for that good. 0 b. An increase in the price of a complement of that good. F H39 0 c. A decrease in the expected future price at that good. uuestmn 0 d. An increase in the input price for that good. We'll\" 22 Suppose that when the price of coffee tables is $10 there are 200 catfee tables bought and sold. The consumer surplus is $100 and the producer surplus is $209. Nntyet answered Paints out of 1.00 2* Flag question Calculate the gains from trade. (Do not include a "$" sign in your response} Answer: Question 1 9 Not yet answered Points out of 1.00 Suppose that couches and chairs are substitutes. If the price of couches falls, what will happen to the price and quantity of chairs in equilibrium? 0 a. Price of chairs rises and the quantity of chairs falls. 0 b. Price of chairs falls and the quantity of chairs falls. V Flag 0 c. Price of chairs rises and the quantity of chairs rises. ouestlon 0 d. Price of chairs falls and the quantity of chairs rises. \""95\"\" 20 Suppose that the demand for rugs expands. Simultaneously, the supply for rugs expands. What will happen to the price and quantity of rugs in equilibrium? Not yet answered Points out of 1.00 t' Flag question O a. The price of rugs will be lower than it used to be. The quantity of rugs could be higher or lower than it used to he. 0 b. The quantity ol rugs will be higher than it used to be. The price of rugs could be higher or lower than it used to be. 0 1:. The quantity o'l rugs will be lower than it used to be. The price of rugs could be higher or lower than it used to he. 0 d. The price of rugs will be higher than it used to be. The quantity of rugs could be higher or lower than it used to be