questions below

1)

The slope of the line calculated at point B: O a. will be positive and is caculated by drawing a line tangent and taking the slope of that line O b. will be negative and is caculated by drawing a line tangent and taking the slope of that line O c. is equal to -1/3 O d. is equal to 1/3Consider the market for Gizmos with equilibrium price, P* and equilibrium quantity Q*. For some reason, the current price in the market, P1, is above the equilibrium price. Which of the following best explains how the invisible hand brings this market to equilibrium? O a. Items are flying off the shelves, there are lines of people waiting to get the product and as soon as a new shipment of gizmos come in, they sell right away. Consequently, there is upward pressure on prices which leads to a decrease in the quantity supplied and an increase in the quantity demanded of gizmos. O b. Inventories are piling up and gizmos are not selling well. Consequently, there is downward pressure on prices which leads to a decrease in the quantity supplied and an increase in the quantity demanded of gizmos. O c. Items are flying off the shelves, there are lines of people waiting to get the product and as soon as a new shipment of gizmos come in, they sell right away. Consequently, there is upward pressure on prices which leads to an increase in the quantity supplied and a decrease in the quantity demanded of gizmos. O d. Inventories are piling up and gizmos are not selling well. Consequently, there is downward pressure on prices which leads to an increase in the quantity supplied and a decrease in the quantity demanded of gizmos