Question: answer asap 3. True/False (Explain): A price ceiling above equilibrium price leads to product surplus in the market. 4. True/False (Explain): If both demand and

answer asap

3. True/False (Explain): A price ceiling above equilibrium price leads to product surplus in the market. 4. True/False (Explain): If both demand and supply increase at the same time, equilibrium price and quantity will increase. 5. Explain how demand and quantity demanded are different. 6. (True/False. Explain): An increase in supply results in increased equilibrium price and equilibrium quantity. 7. (True/False. Explain): In equilibrium, all sellers can find buyers

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