I need help in these questiosn very fast. Please do them, i have only 30 minutes. Please fast and correct answers please

Question 7 0.5 points When gasoline prices rise rapidly, angry customers often accuse the major oil companies of enriching themselves at the expense of consumers. This is an example of a. price inflation b. price gouging c market penetration d. price skimming e. monopoly pricing Quel Question of 45 Question 8 0.5 points When competitors cut their price, a company is most likely to own price. if it believes it will not lose much market share or would lose too much profit by cutting its a. hold its current prices and profit margin b. reduce its production costs c. increase its production costs to improve the quality of the product d. reduce its marketing costs e. increase its marketing budget to raise the perceived value of the product