1.5 In the goods market, the following are traded… a) Factors of production b) Goods and services c) Public goods and se

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1.5 In the goods market, the following are traded… a) Factors ofproduction b) Goods and services c) Public goods and services d)None of the above 1.6 The following are buyers in the factormarket… a) Household b) Government c) All of the above d) None ofthe above 1.7 A movement along a demand curve illustrates… a) Achange in quantity demanded b) A change in the price c) All of theabove d) None of the above 1.8 A price set above the equilibriumprice will result in… a) A market shortage b) A decrease in theprice level c) An increase in the price level d) None of theabove