MarketwindshieldsGasolineSheet$1$Fill in the tables in the next three exercises. Draw new curves on the graphs to aid you. Showthe initial effects predicted by the hypotheses of the indicated event on the markets. Forchanges in demand and supply, meaning shifts in the curves that lead to new equilibriumprice and quantity, use $""$ or $""$ to show increases or decreases; for no change, use $"$O$"$EventToyota$,$ GM$,$ and Fordplan to increaseproduction due tohigher demand expectations.One of the majorrefineries in theGulf in the U$.$S$.$is shut down forrepairs due to fire.Government permitrequirements fordrilling for oil onfederal land in theU.S$.$ is laxed.PricePricePriceQDQDSQuantityQSDQsDQuantityDQuantity