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Question 31 A $2.00 tax levied on the sellers of birdhouses will shift the supply curve Not yet answered O a. downward by less than $2.00. Marked out of 1.00 O b. downward by exactly $2.00. Flag question O c. upward by exactly $2.00. O d. upward by less than $2.00. Question 32 In a perfectly competitive market, the process of entry and exit will end when Not yet (1) accounting profits are zero. answered Marked out of m economic profits are zero. 100 (ili) price equals minimum marginal cost. Flag question (iv) price equals minimum average total cost. a. Q. (1i). (i), and (iv) @ b. @ and (ii) only O d () and (iv) only d. (ii) and lii) only Question 33 Suppose that the equilibrium price in the market for widgets is $5. If a law reduced the maximum legal price for widgets to $4, Not yet answered a. the resulting increase in producer surplus would be smaller than any possible loss of consumer surplus. Marked out of 1.00 b. the resulting increase in producer surplus would be larger than any possible loss of consumer surplus. Flag question c. any possible increase in consumer surplus would be larger than the loss of producer surplus. O d. any possible increase in consumer surplus would be smaller than the loss of producer surplus