this is question with multiple choice. It will be on file please

Question 29 For a particular product, an effective price ceiling results in O a new equilibrium O demand equal to supply O a surplus O a shortage Question 30 Which of the following best exemplifies the problems of dispersed costs and concentrated benefits? O subsidies for U.5. sugar farmers O subsidies for K-12 education O the production possibilities frontier O the U.S. income tax system Question 31 If the demand for insulin is inelastic, an increase in insulin prices leads to O no change in total revenue for insulin makers O more total revenue for insulin makers O less total revenue for insulin makers O first a decrease, then an increase in total revenue for insulin makers Question 32 The price elasticity of demand is a measure of O how much a change in demand affects the equilibrium price O buyers' responsiveness to changes in the price of the product O the amount of a product purchased when income increases O the equilibrium price of a product Question 33 Painters who paint water towers earn higher wages relative to painters who paint houses because O the supply of water tower painters exceeds the supply of house painters O the tower painters' union is powerful than the house painters' union. O the demand for tower painters is less than the demand for residential painters. O painting water towers is more risky than painting houses. Question 34 In the long run, if price is less than average cost, O there is profit incentive for firms to enter the market. O there is an incentive for firms to exit the market. O there is no incentive for the number of firms in the market to change. O the market must be in long-run equilibrium