Question 7 (1 point) The long-run money market is in equilibrium. A decrease in the money supply creates an excess supply of money that is eliminated by rising prices. supply of money that is eliminated by falling prices. demand for money that is eliminated by falling prices, demand for money that is eliminated by rising prices. Question 8 (1 point) Figure 969-169 Uganda 70 Domestic Supply 50 B GD F H Word Price 45 PRICE (Dolars per unit of coffee) Domestic Demand 15 15 20 QUANTITY (Units of cofee Refer to Figure 969-169. In the absence of trade, the equilibrium price of coffee in Uganda is $15. $45. $50. $70. Question 9 (1 point) Figure 699-669 12 Domestic Supply 11 Domestic Demand 10 9 8 PRICE A 5 B World Price Tant 4 c E D 3 G World Price 2 1 1 2 3 4 5 6 7 8 9 10 11 12 QUANTITY Refer to Figure 699-669. The deadweight loss created by the tariff is represented by the area B. D + F D+E+F B+D+E+ F