For each of the given scenarios, use the graphs to (1) show what happens in the market for loanable funds and (2) help answer the questions that folfow. Scenario 1: Individual Retirement Accounts (IRAS) allow people to shelter some of their income from taxation. Suppose the maximum annual contribution to such accounts is $5,000 per person. Now suppose there is a decrease in the maximum contribution, from $5,000 to $3,000 per year. Thas change causes savers to supply loanable funds. Because the quantity of loariable funds supplied is now the quaritity of loanable funds demanded, there is pressure on interest rates. This change in interest rates causes a(n) ir that quantity of loanable funds deitanded. Scenario 2: An investment tax credit effectively lowers the taxes paid by firms that purchase new equipment or build a new manufacturing facility. Suppose the government repeals a previously existing investment tax credit. The repeal of a previously exsting tax credl causes borrowers to demiond loanable funds. Because the quantity of loanable funds demanded is now the quantity of loanable funds supplied, there is pressare on interest mates, This change in enterest rates causes a(n) in the quantity of foanable funds suppled