Question: USE THE FIGURE BELOW TO ANSWER THE NEXT QUESTION FIG A FIG 3 (8) Which of the following is/are true about the supply and demand

 USE THE FIGURE BELOW TO ANSWER THE NEXT QUESTION FIG A

USE THE FIGURE BELOW TO ANSWER THE NEXT QUESTION FIG A FIG 3 (8) Which of the following is/are true about the supply and demand relationships represented? (a) Supply and demand in Figure A \"do make a market" (b) Supply and demand in Figure A \"do not make a market" (c) Supply and demand in Figure B \"do not make a market\" (d) Supply and demand in both Figure A and B \"do not make a market" 0 3 6 91215182124 0 3 6 91215182124 (e) Supply and demand in both Figure A and B \"do make a market" ll llll i ll llll llll llll llllklll ll Illl llll llll Ill ll llll llll llll Illl ll llll llll llll |l|l_ (9) What will be the impact on the beef market of reinstatement of meatless Fridays for all Catholics? (0) Demand for beef will increase (d) Supply of beef will decrease (b) Demand for beef will decrease (e) Both (b) and (d) (c) Supply of beef will increase [l0) Given that the US. government mandates the use of ethanol as a partial substitute for gasoline (10% by volume), and that ethanol manufactured in the US. is made from corn, what will happen if the government eliminates the price support for com? (0) Demand for ethanol will increase (d) Supply of ethanol will decrease (b) Demand for ethanol will decrease (e) Both (a) and (c) (c) Supply of ethanol will increase

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