Quiz_Ch4_bmt Iron ore is a major input in the production of steel. A decrease in the price of iron ore will most likely cause a(n) in the price and a(n) in the quantity sold of steel. (Need help? Read chapter 4.4 of the textbook, here: https://playconomics.com/textbooks/view/playconomics42019t3/part2/ch4/s4) increase; decrease None of these. decrease; increase decrease; decrease increase; increase Quiz_Ch4_b|a Suppose that milk is a normal good. An increase in incomes will most likely cause a(n) in the price and a(n) in the quantity sold of milk. (Need help? Read chapter 44 of the textbook, here: https://pIayconomics.com/textbooks/view/playconomics42019t3/part2/ch4/s4) decrease; decrease decrease; increase None of these. increase; decrease increase; increase Quiz_Ch4_bqr Suppose that bread and cheese are complements in consumption. An increase in the price of bread will most likely cause a(n) in the price and a(n) in the quantity sold of cheese. (Need help? Read chapter 4.4 of the textbook, here: https://playconomics.com/textbooks/view/playconomic54-2019t3/part2/ch4/s4) increase; increase increase; decrease decrease; decrease decrease; increase None of these. Quiz_Ch4_heh Suppose that the demand curve is given by Qd = 7 - P and the supply curve is given by Q3 = P - 1. The market equilibrium price will be _, and the equilibrium quantity will _. In equilibrium, total consumer surplus is _ and total producer surplus is _. (Need help? Read chapter 4.2 of the textbook, here: httpsz/lplayconomics.com/textbooks/view/playconomics4-2019t3/part2/ch4/52) 3; 1; 7; 4.5 4; 3; 4.5; 4.5 4; 4; 7; 9 4; 3; 9; 4.5 None of these' Suppose that Coke and Pepsi are substitutes in consumption. An increase in the price of Coke will most likely cause a(n) in the price and a(n) in the quantity sold of Pepsi. (Need help? Read chapter 3.1 of the textbook, here: https://playconomics.com/textbooks/view/pIayconomics4-20'l9t3/part2/ch3/sl) None of these. decrease; increase increase; increase decrease; decrease increase; decrease