QUESTION 1 Consider the Metro Louisville area market for gasoline (eg. gasoline sold in different areas of Louisville or Jefferson County). Assume that this market consists of many demanders and suppliers within the city of Louisville. Note that consumers can also purchase gasoline in other areas, e g. Oldham County, instead of purchasing their gasoline in what we consider Metro Louisville. Assume as well that gasoline is a normal good. You must identify how different events affect the gasoline market in Louisville by matching each event (listed under "Events" below) to the stom which represents the most likely item on the list of effects on the market for Louisville gasoline Just prior to Summer, we observe significant increases in consumer income within A. Increase in Demand for gasoline the Metro Louisville area Passage of Federal environmental regulation increases the cost of selling gasoline. Automation (technological change) occurs within many Louisville area gas stations which allow the stations to replace cash register workers with machines and computers Bad Winter weather shuts down many of the Louisville area roads and highways Indiana State Government decreases their state-level commodity tax on gasoline. B. Decrease in Demand for gasoline C. Increase in Supply of gasoline D. Decrease in Supply of gasoline E. Increase in the Demand for gasoline and Increase in the Supply of gasoline F. Decrease in the Demand for gasoline and Decrease in the Supply of gasoline G. Increase in the Demand for gasoline and Decrease in the Supply of gasoline H. Decrease in the Demand for gasoline and Increase in the Supply of gasoline