QUESTION 7 Consider the following markets in the United States: Footpath Chalk, Makeup, Blue Light Glasses, Perfume. Which order is most likely ranked from the biggest percentage increase in sales to the biggest percentage decrease in sales due to COVID-19? A Blue Light Glasses, Footpath Chalk, Perfume, Makeup. A Blue Light Glasses, Footpath Chalk, Makeup, Perfume. A Footpath Chalk, Blue Light Glasses, Perfume, Makeup. A Footpath Chalk, Blue Light Glasses, Makeup, Perfume. QUESTION 8 Consider the following markets in the United States: Alarm Clocks, Art Gallery Visits, LED Lights, Inatable Pools. Which order is most likely ranked from the biggest percentage increase in sales to the biggest percentage decrease in sales due to COVID19? A Alarm Clocks, Art Gallery Visits, LED Lights, Inatable Pools. A Inflatable Pools, LED Lights, Alarm Clocks, Art Gallery Visits. A Inflatable Pools, Alarm Clocks, LED Lights, Art Gallery Visits. A LED Lights, Inatable Pools, Alarm Clocks, Art Gallery Visits. QUESTION 9 The marginal cost (MC) curve of a supplier in a competitive market will intersect the average variable cost (AVC) curve as the AVC is decreasing at the AVC's minimum point. as the AVC is increasing. None of the above.QUESTION 34 Which of the following statements is true about monopolistically competitive firms? Unlike perfectly competitive firms, monopolistically competitive firms are able to raise their prices without losing all of their customers. Like perfectly competitive firms, monopolistically competitive firms make homogenous goods. Like perfectly competitive firms, monopolistically competitive firms maximise their profits by setting price equal to marginal cost. Unlike perfectly competitive firms, monopolistically competitive firms face perfectly inelastic demand curves.QUESTION 18 Which of the following will shift the AD curve to the right? 0 Households and rms believe that the economy will slow down next year. Q Households increase savings. 0 Trading partners import less. 0 Government increases spending. QUESTION 19 Which of these factors shift long-run potential GDP? 0 Unexpected shocks to the AD curve. 0 Unexpected shocks to the SRAS curve. 0 Shocks to technology, capital stock and education. 0 All of the above