Question 8 If a factory produces 10 trousers and 20 shirts each hour, then Not yet answered Select one: Marked out of a. The opportunity cost of one trouser is two shirts 1.00 Flag O b. The opportunity cost of one shirt is five trousers question O c. The opportunity cost of one trouser is three shirts O d. The opportunity cost of one shirt is one trouser Question 9 When the price of a good is higher than the equilibrium price then Not yet answered Select one: Marked out of O a. There is a shortage in the market, and the price will increase. 1.00 Flag O b. There is a shortage in the market, and the price will decrease. question O c. There is a neither a shortage nor a surplus in the market. O d. There is a surplus in the market, and the price will decrease.Question 18 What might cause a demand curve to shift to the right Not yet answered Select one: Marked out of a. An improvement in technology 1.00 O Flag O b. An expected decrease in future prices question O C. An increase in population O d. A decrease in the number of suppliers Question 19 Consider a market equilibrium situation. Which of the following would result from a decrease in demand Not yet answered Select one: Marked out of 1.00 O a. Equilibrium price would rise, and equilibrium quantity would fall Flag O b. Equilibrium quantity would rise, and equilibrium price would fall question O c. Both equilibrium price and quantity would fall O d. Both equilibrium price and quantity would rise