1. For each of the following events, state which curve would shift: the supply curve (S) or the Demand curve (D) or Neither Curve (N). If one of the curves will shift, state whether the curve would shift to the right (an increase in supply or demand) or shift to the left (a decrease in supply or demand). Market Event People's incomes decreased (Instant Noodles are an inferior good) Which curve shifts as a Does the result? curve shift Demand/Supply/Neither Left or Right? (Leave blank if neither) The price of iPhones increases Peanut Butter The price of peanuts goes up Printer Paper The price of printers goes up Nike Shoes The price of Adidas shoes goes up Severe windstorms destroy significant amounts of the corn crop Olives The FDA publishes a study describing the negative sideeffects caused by olives Air Travel People's incomes went up Rubber Tires The price of rubber decreases Netflix The price of tickets at movie theaters goes down