Short , just need answers really

16. 1. Assume the equilibrium price of product "Z" is $20. An increase in the current price from $14 to $16 will result in an increase in the quantity: a. Demanded, a decrease in the quantity supplied, and a reduction in the market shortage. b. Supplied, a decrease in the quantity demanded, and a reduction in the market shortage. c. Demanded, a decrease in the quantity supplied, and eliminate the market shortage. d. Supplied, a decrease in the quantity demanded, and a reduction in the market surplus. e. Demanded, a decrease in the quantity supplied, and a reduction in the market surplus. 2. If the number of "added workers" increases during a recession then the Labor Force Participation Rate (LFPR) will (decrease / not change / increase) and the unemployment rate (UN%) will (decrease / not change / increase). a. Increase; decrease. b. Decrease; decrease. c. Not change; decrease. d. Increase; increase. e. Decrease; increase. 3. The Wall Street Journal of October 4, 2022, described the world wheat market. The article reported a smaller wheat crop being harvested this year because of a serious drought in the wheat-growing section of Europe and unexpectedly large purchases of wheat by a number of buyers this year. These comments portray (a decrease / an increase) in the demand for wheat and (a decrease / no change / an increase) in the supply of wheat. a. An increase; a decrease. b. A decrease; a decrease. e following c. An increase; no change. d. A decrease; an increase. e. An increase; an increase. a gallon of see in Cminust be 10 Ozales 4. Assume Real Gross Domestic Product was (RGDP=) $15.0 trillion in Year #1, $16.2 trillion in Year #2 and $16.8 trillion in Year #3. The rate of economic growth in RGDP from Year #1 to Year #2 was and the rate of economic growth in RGDP from Year #1 to Year #3 was a. 12%; 18%. b. 10%; 12%. C. 8%; 10%. d. 10%; 8%. e. 8%; 12%. 5. Copper is used in the production of a number of electronic parts. The Wall Street Journal of November 22, 2022, reported on the surplus in the world copper market. Which of the following sequence of events accurately portrays how a market surplus is eliminated? a. The quantity demanded will increase and the quantity supplied will increase. b. The demand will decrease and the supply will increase. c. The quantity demanded will increase and the quantity supplied will decrease. d. The demand will increase and the supply will decrease. e. The quantity demanded will decrease and the quantity supplied will increase