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10. If the demand for Blue Ray disc players decreases and the supply of Blue Ray players decreases, then A) it is clear that prices will decrease, the change in the quantity of Blue Ray players sold is ambiguous. B) it is clear that prices will increase, the change in the quantity of Blue Ray players sold is ambiguous. C) it is clear that quantity sold will decrease, the change in the price of Biloe Stay players is ambiguous. D) it is clear that change in quantity sold is ambiguous, the change in the price of Blue Ray players is ambiguous. IT. Suppose the market supply curve is p - 5 + Q. Ata price of 15. producer surplus equals A) 12.50. B) 25. C) 50. D) 10. 12. Assume a consumer has an clastic demand curve for a product. His consumer surplus from buying the product A) is maximized. B) can't be calculated. C) equals zero. D) equals $100. 13. Given a linear demand function of the form Qx = 100-2P.. find the inverse linear supply function. A) Px - -50 + 0.5Qx. B) Px = 100 + 0.2Qx. C) Px = 0.5Qx. D) PX = 50 - 0.5Qx. 14. If the price of a good is initially below the equilibrium level A) the supply curve will shift leftward. ) the supply curve will shift rightward. excess demand exists. excess supply exists