Which curve shifts and in which direction when the following events occur in the domestic car market?

a. The U.S. economy falls into a recession.

multiple choice 1

• Supply increases.
• There is no change in either curve.
• Supply decreases.
• Demand increases.
• Demand decreases.

b. U.S. autoworkers go on strike.

multiple choice 2

• Supply increases.
• Demand decreases.
• Supply decreases.
• There is no change in either curve.
• Demand increases.

c. Imported cars become more expensive.

multiple choice 3

• Supply increases.
• There is no change in either curve.
• Demand decreases.
• Demand increases.
• Supply decreases.

d. The price of gasoline increases.

multiple choice 4

• Supply increases.
• Supply decreases.
• There is no change in either curve.
• Demand decreases.
• Demand increases.