TWO MC QUESTIONS!

If the equilibrium price is $45. Which of the following statements is TRUE? A price ceiling of $47 causes price to increase A price ceiling of $43 causes no change in price A price floor of $43 causes no change in price A price floor of $43 causes price to decrease Question 15 (1 point) Consider the market for wheat in the US. After a price floor of $150 per metric ton is placed, the price of wheat in the market is $150 per metric ton. If the price floor was increased to $180, what would be the new price of wheat in the market? $150 Cannot be determined m fic Greater than $150 but less than $180 ue $180 all