Question 2 (1 point) _I: is a benefit given to an individual, business, or institution, usually by the government. Question 4 (1 point) Listen If a price ceiling is set below the equilibrium price, Quantity demanded will equal quantity supplied. O Quantity demanded will be less than quantity supplied. O There will be a surplus. O There will be a shortage.Question 6 (1 point) _I: is a tax on a particular good or service. 0 Progressive tax 0 Corporate income tax 0 Excise tax 0 Proportional tax Question 5 (1 point) _I: If a price ceiling is set above the equilibrium price, 0 The market cannot exist. Q It is binding or effective. 0 Quantity demanded will equal quantity suppHed. Q It causes quantity demanded to be more than quantity supplied. Question 7 (1 point) _I: Germany placed a limit on the amount of beer that can be imported into Germany. This is an example of 0 An export subsidy Question 3 (1 point) _I: A minimum price, set by the government, that sellers may charge for a good is known 0 A price ceiling. O A price rationing mechanism