MARKET ANALYSIS: Analyze the following market analysis and price control questions. make graphs for these following 6 parts with descriptions.

1. GENERIC PRODUCTS MARKET: the U.S. enters a prolonged economic recession

2. JAPANESE LUXURY CAR MARKET (in the U.S.): due to trade negotiations, Congress eliminates the 50% tariff on Japanese "luxury cars" (i.e., cars costing more than $50,000)

3. AUTOMOBILE INDUSTRY: negotiations with the United Auto Workers union results in auto makers raising the wages of the auto workers by 30% 7

4. CREDIT CARD MARKET: government imposes an 16% cap on the interest rate issuers of credit cards can charge their customers; the current rate is 21%

5. COLLEGE TEXTBOOK MARKET: college tuition rises by 10%

6. LOW-SKILLED LABOR MARKET IN ILLINOIS: Illinois legislators raise the minimum wage from $12.00/hour to $15.00/hour; the current wage in this market is $13.50/hour.