RI Dang x | Ares x | Log| x |4 Lectu x | Micrc x Pears x _ Hom x 4 OMS X |4 Lectu x | Ares x | Lectu X | af12r x | Micro x | 01-A x | G Aran X R Quiz: X G equil x Q The x |+ X + -> C A courses.ryerson.ca/d21/Ims/quizzing/user/attempt/quiz_start_frame_auto.d21?ou=543777&isprv=&drc=0&qi=273924&cfql=18dnb=0&fromQB=0 Assignment 2 X Est. Length: 0:45:00 Quan Chu: Attempt 1 Page 1: 1 2 3 Question 6 (1 point) Which of the following statements is TRUE? In a competitive market equilibrium 4 5 6 All of the above statements are true 8 9 Consumer surplus is maximized -- -- Producer surplus is maximized 10 11 12 Total surplus is maximized 13 14 15 -- -- -- Question 7 (1 point) Assume the supply curve for apples is linear and upward sloping. If a fall in the price of an apple from $6 to $3 leads to a decrease in the quantity supplied from 200 to 100, what is the decrease in producer surplus? O 450 1800 600 150 Question 8 (1 point) Consider the market for bus rides which has standard demand and supply curves. If Type here to search 18C Sunny ~ () ENG 6:17 PM 9/29/2021