Please provide the only 1 right answer for each question . For e.g. Question 1= c , Question 2= , and so on . Help is much appreciated

Question 10 The diagram below illustrates two parallel demand curves for a commodity. Price elasticity of supply for this commodity is: Price Supply B Demand Demand Litres per Week (a) The same at B as at A and equal to 1 (b) The same at B as at A and greater than I (c) Greater at A than at B (d) Greater at B than at A Question 11 Which of the following statements about an oligopolistic market is true? (a) The market is characterised by a large number of rival firms each selling a slightly differentiated product (b) The typical firm tends to operate at the minimum point of the Long -run Average Cost curve. (c) In the long run, surviving firms charge a price which is equal to Average Cost and make zero economic profit. (d) The firms operating in the market are mutually dependent Question 12 A perfectly competitive firm will, in the short-run: (a) Shut-down if price falls below the minimum point of the Average Total Cost Curve but lies above the minimum point of the Average Variable Cost Curve (b) Make a normal profit if price equals its Average Variable Costs (c) Maximise profit if price is above Marginal Costs but equal to the Marginal Revenue (d) Shut down if Marginal Revenue is below the minimum point of the Average Variable Cost curve. Page 4 of 9Question 1 In the competitive market model, the supply curve for a commodity will shift upwards to the left if: (a) The productivity of inputs increases (b) The price of the commodity rises (c) The number of producers increase (d) The price of inputs increases Question 2 In the competitive market model, the demand curve for a commodity will shift upwards to the right if: (a) Income of consumers increase (b) The price of a complement good rises (c) The price of a substitute good falls (d) The level of technology rises Question 3 Veal and Beef are considered substitute goods for consumers. In a competitive market model for Veal, a fall in the price of Beef will cause: (a) A movement downward along the demand curve for Veal (b) A movement upward along the demand curve for Veal (c) A shift leftwards of the demand curve for Veal (d) A shift rightwards of the demand curve for Veal. Question 4 Sausages and tomato sauce are considered to be complementary goods for consumers. In a competitive market model for sausages and tomato sauce, a rise in the price of sausages will cause: (a) A movement downward along the demand curve for sausages (b) A shift leftwards of the demand curve for sausages (c) A shift leftwards of the demand curve for tomato sauce (d) A shift rightwards of the demand curve for tomato sauce Question 5 Assume that there are only two countries in the world and they produce two goods, Cars and Cotton. The opportunity cost of a car in Country A is 50 units of cotton and the opportunity cost of a car in country B is 300 units of cotton. The maximum amount of cotton country A can possibly produce is 100,000 units of cotton and the maximum amount of cotton country B can produce is 300,000. In this example: (a) Country A has a comparative advantage in cotton (b) Country B has a comparative advantage in cars (c) Country A has an absolute advantage in cotton (d) Country B has an absolute advantage in cotton