Question 9 A demand curve shows the graphical relationship between quantity demanded and Incorrect Select one: 0.00 points out of 1.00 a. price. b. costs. P Flag C. quantity produced. question d. demand Incorrect. The demand curve is not the graphical representation of the relationship between price and demand.Question 22 Cocoa nibs from Nigeria last year was supplied at $9 per 10 pounds. This year the demand has increased and that same supply of Nigerian cocoa nibs is priced at $12 per 10 pounds. What will most likely happen to supply of Nigerian cocoa nibs Incorrect this year? 0.00 points Select one: out of 1.00 a. There will be a decrease in quantity supplied. P Flag b. the supply will increase question C . There will be an increase in quantity supplied. d. The supply curve will shift to the left. x Incorrect. The supply will not fall - the information available does not indicate any change in the supply itselfQuestion 26 Excess supply will result in suppliers prices, which encourages consumers to be willing and able to purchase Incorrect Select one: 0.00 points out of 1.00 a. raising; more b. lowering; less P Flag c. lowering; more question d. raising; less Incorrect. Check the impact of excess supply on quantity and price as the market tries to reach equilibriumQuestion 38 Last year Hawaii did not received many rain storms and with eight months of little rain there was low demand for umbrellas. This year however, there have been three months of big rain storms and only a few weeks of sunny weather. If you were Incorrect to draw a graph depicting the changing market for umbrellas from last year to this, how would the new equilibrium price and quantity demanded compare to last year's market? 0.00 points Select one: out of 1.00 . With supply of umbrellas being constant, equilibrium price and quantity demanded increase for umbrellas compared to last year. Flag . With supply of umbrellas being constant, equilibrium price increases and quantity demanded decreases for umbrellas compared to last year. question c. With supply of umbrellas being constant, equilibrium price and quantity demanded decrease for umbrellas compared to last year. d. With supply of umbrellas being constant, equilibrium price decreases and quantity demanded increases for umbrellas compared to last year. * Incorrect. The equilibrium price would not decrease.Question 7 You are given this demand schedule for new boats. Which of the following demand curves accurately represents the demand schedule and has proper formatting? The demand schedule for new boats: Incorrect Price ($) Quantity Demanded 0.00 points $500 5500 out of 1.00 $1000 5000 Flag question $1500 4500 $2000 3500 $2500 3000 $3000 2000 $3500 1000 $4000 150 Select one: a. New Boats 4500 4000 3000 Quantity Dem 1500 1000 OL 1000 2000 3000 4000 5000 6 7000 Prices ($) New Boats Prices (S) 500 1000 1500 2000 2500 3000 3500 4000 4500 5000 Quantity Demanded * Incorrect. This graph does not have the C. proper data. New Boats Prices ($) 2000 1000 1000 2000 3000 4000 5000 6000 Quantity Demanded