[With explanations please!]

If the supply of chicken nuggets increases, and the supply curve and demand curve in the chicken nugget market have typical upward-sloping and downward-sloping shapes, respectively, what happens to the equilibrium price and quantity of chicken nuggets? (Choose 1)

A. Equilibrium price will increase and equilibrium quantity will increase.

B. Equilibrium price will decrease and equilibrium quantity will increase.

C.Equilibrium price will increase and equilibrium quantity will decrease.

D. Equilibrium price will decrease and equilibrium quantity will decrease.

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Suppose the demand curve for chairs is given byQD= 72 - 0.8P. What's the price elasticity of demand for chairs at a price of $11 per chair? Round your answer to one decimal place.

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The cross-price elasticity of demand between apartments and single-family homes is expected to be _________ since these goods are __________. (Choose 1)

A. Positive; substitutes

B. Negative; substitutes

C. Negative; complements

D. Positive; complements

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