1) For each of the following changes, show the effect on the demand curve, and state what will happen to market equilibrium price and quantity in the short run. a. Consumers expect that the price of the good will be higher in the future. b. The price of a substitute good rises. c. Consumer incomes fall, and the good is normal. (1. Consumer incomes fall, and the good is inferior. e. A medical report is published showing that this good is hazardous to your health. f. The price of the good rises. 2) For each of the following changes, show the effect on the supply curve, and state What will happen to market equilibrium price and quanty in the short run. a. The government requires pollution control filters that raise good on costs. b. Wages of workers in this industry fall. c. There is an improvement in technology. (1. The price of the good falls. e. Producers expect that the price of the good will fall in the future. 3) List the major nonprice determinants of demand. 4) List the major nonprice determinants of supply. 5) The market for milk is in equilibrium. Recent health reports indicate that calcium is absorbed better in natural forms such as milk, and at the same time, the cost of milking equipment rises. Carefully analyze the probable effects on the market 6] Suppose that macroeconomic forecasters predict that the economy will be expanding in the near future. How might managers use this information