1) Classify each scenario according to whether it represents a change in quantity supplied or a change in supply. Each classification matches two of the scenarios.

a. If the price of apples decreases to $5 per bushel, Farmer Jack will supply 5 bushels of apples instead of 10 bushels ofapples

b. As the price of apples increases, Farmer Jack increases the number of apples he offers forsale.

c. Johnny, the jeweler, increases his inventory because he expects the price of jewelry to increase at the end of theyear.

d. Since Johnny is a successful jeweler, Jimmy also becomes ajeweler

2)The graph represents the market for breakfast cereals. Now, suppose that one of the industry's major suppliers of breakfast cereal has decided to exit the market to focus on its snack foods. At the same time, the average price of cereal has increased and the total amount of cereal sales has increased. Manipulate the graph to demonstrate these changes in the market forcereal.