Question 9 (1 point) _I: Which of the following is NOT a way governments get involved in markets? 0 Price floors/celings 0 Market Equilibrium Question 14 (1 point) _I: If a price floor is set above the equilibrium price, Q Is not binding or effective. 0 The market cannot exist. Q It causes quantity demanded to be equal to quantity supplied. Q It is binding or effective. Question 13 (1 point) _I: When the government pays part of my university education, it is 0 Using direct regulation to discourage an external cost. 0 Subsidizing an external benefit. 0 lnternalizing an external cost. 0 Using taxes to discourage an external cost. Question 11 (1 point) _I: If the demand for cigarettes is more _ for underage smokers as compared to that of adult smokers, then compared to adults, a tax on cigarettes would have impact on the demand for cigarettes for teenagers. O Inelastic; An equal 0 Inelastic; More 0 Elastic; Less 0 Elastic; More Question 12 (1 point) Listen For a particular product, an effective price floor results in O Quantity demanded greater than quantity supplied. O Quantity supplied greater than quantity demanded. O Demand equal to supply. Quantity demanded equal to quantity supplied.Question 8 (1 point) _I: A maximum price, set by the government, that sellers may charge for a good is known as Q A subsidy. O A price ceiling. O A price floor. 0 A price rationing mechanism. Question 10 (1 point) _I: The way a tax burden is divided between consumers and producers is called 0 Tax incidence 0 Tax incentives