If supply increases, then quantity demanded decreases

The government of a country Amenia imposes a ceiling on the price of bread. Which of the following is most likely to be true?

a. It implies that the price of bread prevalent in Amenia is higher than what the equilibrium price would have been. b. Imposing this price ceiling is likely to raise economic welfare in Amenia as the government tries to ensure that most people can at least afford bread. c. It will cause an excess demand for bread in the market. d. The market is likely to remain in equilibrium even after the price ceiling is imposed.

The budget line shows:

A. the amount of product A that a consumer is willing to give up to obtain one more unit of product B. B. all possible combinations of two goods that can be purchased, given money income and the prices of the goods. C. the minimum amount of two goods that a consumer can purchase with a specific money income. D. all possible combinations of two goods that yield the same level of utility to the consumer.