QUESTION 3 The End of Financial Year Clearance Sale sees prices in Australian electronic retail stores greatly reduced. Assume that there is no increase in demand at retail stores during this Clearance Sale. Select the item from the list provided to make the following statements true. 4' 9 The decrease in prices. ceteris paribus, will result in what 1' movement up and along the demand curve happening in relation to the demand curve? 2- increase 4} When the next nancial year starts, prices and quantities 3 revert to their original level prior to the sale. This would result 4 in a . certain parameters excluded . shift left of the demand curve 5. decrease 6. decrease in demand 7. shift right of the demand curve 8. shift left of the supply curve 9. movement both up and down along the demand curve 10. movement down and along the demand curve 11.all else being equal 12. produce where marginal benet equals marginal cost 3- 9 What is the meaning of the Latin phrase ceteris paribus