Hi can someone help me with this multiple choice?

AnBbCodEe AnBOCCOdED AaBbCCDc AaBb CCD E Normal No Spacing Heading 1 Handing 1) In the market for onions, if someone were to falsely announce that the price of onions was higher than their equilibrium price, which of the following would happen? a) There would be a surplus, but the price would eventually increase bj There would be a shortage, and the price would eventually increase back to equilibrium c) There would be a shortage, but no change in the price of onions d) There would be a surplus, and the price would decrease back to equilibrium 2) Assume that China has a Production Possibility Frontier given by: 60=4F+2C where F represents units of Food produced by China, and C represents units of Clothing produced by China. What is the opportunity cost of producing Clothing for China? a) The opportunity cost of producing 1 unit of Clothing for China is 0.5 (or 1/2) a unit of Food b) The opportunity cost of producing 1 unit of Clothing for China is 2 units of Food c) The opportunity cost of producing 1 unit of Clothing for China is 1 unit of Food d) The opportunity cost of producing 1 unit of Clothing for China is 50 units of Food 3) What is the consequence of a price ceiling in a competitive market? a. There is some transfer from producers to consumers b. There is dead-weight loss in the market C. Both a) and b) are true d. Neither a) nor b) is true 4) Assume that you're planning to sell jackets in New York. In Brooklyn, 5000 jackets are demanded at $25, while 7000 are demanded at $20. In Manhattan, at $25, the quantity demanded is 6000 jackets, whereas at $20 it is 8000. Which of the following statements is true? a) For $45, you can sell a total of 11000 jackets b) For $25 you can sell a total of 11000 jackets c) For $20, you can sell a total of 14000 jackets d) For $45, you can sell a total of 26000 jackets|