please answer

Section A: Multiple Choice Questions [21] Question 1 (1%) which of the following statements are correct? i) An increase in the price of a product will cause the demand curve of a substitute product to shift to the left. ii) If a producer manufactures a unit elastic product, he/she cannot influence total revenue by changing the price. iii) Frictional unemployment occurs when people are between jobs. iv) The elasticity of products changes over time. it) If products it and Y are complimentary, an increase in X's price will lead to an increase in demand for Y. A) i, ii, in a. v a) i. m a v C) ii, iii & iv D) ii, iv a. v E) l 8. iii Question 2 (1%) Which ofthe following statements are correct? i) The production possibility frontier is steeper at the right end than the left because some resources are better suited to make some products than others. ll) Perfectly inelastic demand is a horizontal line. iii) The production possibility frontier illustrates how much of each product is manufactured in the economy. iv) Ination causes higher interest rates. v) The production of consumer goods and capital goods will always occur on the production possibility curve. A) i, ii, iii&v B)i.iii&v C) ii, iii 8. iv 0) ii, iv 8. v E) i & iii amnion a (1x) Which of the followhg statements are correct? i) The it production factors are Capital. Labour, Land & Entrepreneurship. ii) Lower interest rates cause Ination. iii) A price floor leads to surplus production. iv) if products it and Y are complimentary, an increase in it's price will lead to an increase In demand for V. v) The elasticity of products changes over time. A) i, ii, iii &v a) i, iii 8w C)ii.iii&iv omwsv spam