Solve clearly.. explanation is more important.don't copy.

m Question 6 0 f 1 \"5 Why is a binding price oor likely to create a larger surplus in the market over the long run than in the short run? Because over longer time horizons, demand is more inelastic and supply is more elastic. Because of longer time horizons. both demand and supply are more elastic. Because of longer time horizons. both demand and supply are less elastic. .93. Because over longer time horizons. demand is more elastic and supply is more inelastic. Incorrect Question 8 O I 1 pts Using our current standard supply and demand model in which we assume that markets are competitive (many buyers, many sellers, and so on}, a minimum wage is expected to \" have no effect on employment. reduce employment. increase employment. increase. decrease. or have no effect on employment. in other words. the model has no predicon here. m Question 9 0' 1 \"*5 A per-unit tax on buyers of gasoline shifts the demand curve to the right so that the vertical distance between the two demand curves equals the size of the tax. to the left so that the vertical distance between the two demand curves equals the size of the tax. to the left so that the vertical distance between the two demand curves equals half size of the tax. to the right so that the vertical distance between the two demand curves equals half the size of the tax. incorrect Question 12 D f 1 \"ts A larger portion of a per-unit tax levied on producers will be passed on to consumers when demand is relatively more inelastic producers cannot pass on the tax to consumers. unit elastic elastic