Please answer all 10 questions by choosing the correct answer option for each question. Be clear and thanks!

Q1 In the short run, which is the only one that can be changed? O technology O land use O workers O machineryQ2 which of the following changes can take place in the long run? O labor force O machinery O technology O All of these can be changed in the long run.Q3 New technology has no affect on supply but only demand. O True O FalseQ4 The amount of a product offered for sale at all possible prices? O demand O inelastic demand O supply O total expenditures05 Which of the following would be the easiest to output in more supply, if there was a change in price? electricity O automobiles O potato chips C houses\fQ9 The sum of all fixed costs and variables is O total cost O fixed costs marginal cost O unit productionQ10 All of the following have an affect on supply EXCEPT: O Government regulations O Technology O Number of sellers O All of these affect supply.Q6 A market in which a few sellers produce all or most of the supply of a product is called O an oligopoly O an interlocking directorate. O a cartel. O a monopoly.Q7 Jerry is the owner of product X and the demand for product X has risen. To meet the high demand, Jerry lowered the price of product X which caused customers to buy more of it. From this scenario, which of the following occurred? O Demand elasticity O An inelastic O A unit elastic O An adequate substitute