1. For each of the following markets, indicate whether the stated change causes a shift in the supply curve, a shift in the demand curve, a movement along the supply curve, and/or a movement along the demand curve.

a. The housing market: Consumers’ incomes fall.

b. The tea market: The price of sugar goes down.

c. The coffee market: There is a freeze in Brazil that severely damages the coffee crop.

d. The fast-food market: The number of fast-food restaurants in an area decreases.

e. The peanut market in the U.S. Southeast:

A drought lowers supply.