The questions are in the photos below: I would like them all solved, and the correct answer options too.
Ques'i'm 4 Suppose that the Government fixes the price of apples at the current equilibrium price of $3.00 per kg. If there is an Not yet exceptionally good growing season then the fixed price will result in answered Marked out of Select one; 1.00 O a. excess supply. '7 Flag question 0 b. excess demand. 0 c. a new equilibrium at $3.00 per kg. 0 d. apple exports. Question 8 In the following diagram, a price floor which is binding would cause Not yet answered Price Marked out of Supply 1.00 Flag P1 question P2 P3 Demand Q1 Q2 Q3 Qty Select one: O a. excess supply of Q3 less Q1 O b. excess supply of Q3 less Q2 O c. excess demand of Q3 less Q1 O d. excess demand of Q3 less Q2Question 9 Thinking about the world market for wheat, what is the impact of a drought in the US (a major wheat grower)? Not yet answered Select one: Marked out of O a. Price rises and quantity traded falls. 1.00 Flag O b. Price rises and quantity traded rises. question O c. Price falls and quantity traded falls. O d. Price falls and quantity traded rises. Question 10 A right shift in the supply curve will result in a Not yet answered Select one: Marked out of O a. lower price and greater quantity demanded. 1.00 Flag O b. higher price and greater quantity demanded. question O c. lower price and lower quantity demanded. O d. higher price and lower quantity demanded.Question 1 Not yet answered Marked out of 1.00 V Flag question Question 2 Not yet answered Marked out of 1.00 Y Flag question Question 3 Not yet answered Marked out of 1.00 Y Flag question If demand for wool falls and, at the same time, the costs of producing wool rise then the Select one: 0 a. price of wool will fall but the impact on quantity is uncertain. O b. quantity of wool traded will rise but the impact on price is uncertain. O c. price of wool will rise but the impact on quantity is uncertain. Q d. quantity of wool traded will fall but the impact on price is uncertain. Which one of the following reasons is a possible cause of the rise in the world price of dairy products? Select one: Q a. More efficient production techniques by dairy farmers. O b. The growth of the dairy industry in developing nations. 0 c. A fall in the price of products that compete with dairy products. 0 d. A rise in average incomes in developing nations such as China. Which of the following would cause the world price for dairy products to fall? Select one: Q a. Severe droughts reduce milk production. 0 b. New studies finding health benefits for dairy products encourage consumers to purchase more dairy products. 0 c. Russia (a milk exporter) places a ban on exporting its milk products. Od. World incomes fall due to a recession. Quesuon 6 A drought in Australia (a major wheat growing country) is likely to Not yet answered Select one: :Aggked 0\" of O a. have no impact on the world wheat price. V Flag 0 b. cause the world wheat price to fall. question 0 0. cause the world wheat price to rise. 0 d. change the world price of wheat but it could be up or down. QueStiO\" 7 The diagram below represents the market for apples and it is currently at equilibrium. Not yet Suppose a drought occurs which causes quantity traded to fall to Q1. The equilibrium answered Marked out of Price 1.00 \\V Flag question P1 P2 P3 Select one: Q a. price rises from P3 to P2 0 b. price rises from P2 to P1 0 0. price is unchanged. 0 d. price rises but it is not clear by how much. Question 5 Not yet answered Marked out of 1.00 F Flag question Diagram D shows o 9 9. . f 5 Select one: a decrease in demand and a decrease in quantity supplied. a decrease in demand and an increase in quantity supplied. a decrease in supply and a decrease in quantity demanded. a decrease in supply and an increase in quantity demanded
