For each scenario below,

Show what will happen on a supply and demand graph for each of the scenarios below and list the following information. All graphs should be properly labeled for full credit.

1. Supply and/or Demand increase, decrease or stay the same.
2. Determinant that causes the change (Ex resource cost, expectations, related goods etc)
3. Price Increase or Decrease
4. Quantity Increase or Decrease
5. Graph label: Market for luxury automobiles

Scenario: Luxury automakers expect a downturn in the economy

1. Graph label: Airline tickets

Scenario: National News organizations predict that the prices of airline tickets will fall next month

1. Graph label: Market for solar power

Scenario: Congress approves a consumer tax rebate for adding solar panels to their homes at the same time that a resource used to make solar panels becomes more expensive. (hint, the tax rebate doesn't come in until next April so consumers are making their decision based on what they expect to come in their rebate months away)

1. Graph label: French Fries

Scenario: Fast food companies collude to increase the price of french fries at all of their restaurants.