Classify each scenario according to whether it represents a change in quantity supplied or a change in supply. Each classification matches two of the scenarios. a. If the price of apples decreases to \( \$ 5 \) per bushel, Farmer Jack will supply 5 bushels of apples instead of 10 bushels of apples. b. As the price of apples increases, Farmer Jack increases the number of apples he offers for sale. c. Johnny, the jeweler, increases his inventory because he expects the price of jewelry to increase at the end of the year. d. Since Johnny is a successful jeweler, Jimmy also becomes a jeweler. /r/n Categorize each scenario as describing a movement along a demand curve or a shift of the demand curve. a. College students reduce how much detergent they use for each load of laundry in response to higher detergent prices. b. College students rush and buy discount furniture to take advantage of an unexpected price drop. c. College students purchase many more energy drinks during finals week than during the rest of the semester. d. Students eat out more often as the federal government increases how much grant money it provides students. /r/n For each example listed, decide if the good is a normal good or an inferior good. Make sure you answer from the perspective of the individual or individuals doing the buying or consuming. a. Billy's mom increases his weekly allowance by 55 . As a resuit, Billy increases the number of apps he downloads on his smartphone. Smartphone apps are good. b. Susan gets a 15 percent performance bonus at work. She can finally stop eating so many frozen pizmas and eat something more tasty. Frozen pizzas are good. c. Mike is an appliance salesman. Refrigerator sales in his store have fallen and so has his commission. Mike decides to switch from name brand cereal to generic cereal. Generic cereal is good. d. Hair stylist Molly loses a few of her clients. Molly cuts back on the number of smoothies she buys during the week. Smoothies are good. a normal an inferior /r/n Classify each scenario based on whether it will lead to upward or downward pressure on the equilibrium price of the good marked in bold. a. An outbreak of mad cow disease causes Americans to abstain from eating beef. b. An impending nuclear holocaust causes people to stock up on twonkies, a popular snack cake provided by many companies. c. The Nile River floods this year adding an exceptional amount of silt to the soil, resulting in increased crops of cotton. d. Extreme weather in New York, where the Super Bowl is scheduled to be played, makes people disinterested in purchasing Super Bowl tickets. upward pressure on price downward pressure on price