Consider following events and markets:

-OPEC reduces output [market: oil]

-Unusually rainy winter in New York City [market: umbrellas in NYC]

-Soccer Champions League ?nal in Madrid [market: Madrid hotels]

-Unusually low catch of sole ?sh [market: sole ?sh]

Which of the four correspond to the four cases considered in Figure 4.3?

132 132 D D.. FIGURE 4.3 Price effect and output effect oil: bottom right umbrellas: top left Madrid hotels: top right sole fish: bottom left oil: bottom right umbrellas: bottom left Madrid hotels: top right sole fish: top left oil: top right umbrellas: top left Madrid hotels: bottom right sole fish: bottom left oil: bottom left umbrellas: top righ Madrid hotels: top left sole fish: bottom right