For each of the given scenarios, use the graphs to (1) show what hoppens in the market for loanable funds and (2) help answer the questions that follow. Scenario 1: Individual Retirement Accounts (IRAs) allow people to sheiter some of their income from taxation. Suppose the maximum annual contribution to such accounts is $5,000 per person. Now suppose there is an increase in the moximum contribution, from $5,000 to $8,000 aer year This change causes savers to supply loanable funds. Because the quantity of loanable funds supplied is now the ecuantity of loanable funds demanded, there is quantity of loanable funds demanded