Ceteris paribus, if the market demand for a product increases, then equilibrium quantity will (be) ____ and equilibrium price will (be) ____

Labor productivity in the United States was 5.4 times higher in the United States than in China in 2010. A key reason that labor productivity is higher in the United States is because the United States

A) has a higher growth rate, based on GDP per capita, than China. B) has a higher life expectancy and higher birth rate than China. C) devotes more resources than China to developing new technology and accumulating human capital. D) devotes more resources than China to developing export markets to boost its real GDP and income.

The profit-maximizing quantity of the monopolist compared to the perfectly competitive industry in the above figure are, respectively

A) Q1 and Q2. B) Q1 and Q3. C) Q1 and Q5. D) Q2 and Q3.