Assume markets are initially in equilibrium. Then the following events occur. Beside each of the events, place a +, –, or 0 to indicate the shift in the demand and supply curves and the change in price and quantity from their initial value.

Event A: Consumer income rises. Effect on eating out (a normal good)? S__D__P__Q__
Event B: New management techniques allow cars to be produced at a lower cost. Effect on car market? S__D__P__Q__
Event C: Government regulations increase the cost of building homes. Effect on the market for new homes?
S__D__P__Q__
Event D: National income goes down. Effect on fishing rods (an inferior good)? S__D__P__Q__
Event E: Bakeries can make cookies or pies. The demand for pies goes up. Effect on market for cookies? S__D__P__Q__