Question 35 Suppose that carrots and peas are substitutes. An increase in the price of carrots will cause.. Not yet answered O a. A contraction in the demand for peas. Points out of 1.00 O b. A contraction in the supply of peas. Flag O c. An expansion in the supply of peas. question O d. An expansion in the demand for peas. Question 36 Consider a market with a downward-sloping demand and an upward-slopping supply. Not yet Which of the following statements is (are) true about a $1.00 per unit tax levied on the suppliers? answered Points out of Statement I) The price demanders pay will be rise by less than $1.00. 1,00 Statement II) Quantity produced will fall due to the tax. V Flag question O a. Statement | is true but Statement II is false. O b. Both statements are false. O c. Statement I is false but Statement II is true. O d. Both statements are true