For each scenario below, could someone please 1. explain if supply/demand will increase/decrease (can only pick one for each question S OR D) 2. From either a consumer standpoint (demand) or from a producer standpoint (supply) explain the connection between changes in Demand (Quantity Demanded) or changes in Supply (Quantity Supplied) 3. Based on whether the problem is talking about Supply or Demand, explain what the determinant would be, and 4. Using ONLY THE NECESSARY /lines/labels, illustrate on the graph what the question is showing (some may not be used) Electronic industry analysts predict that during this year new laser television sets will see a large growth in popularity among the consumers due to their longevity and very low power consumption. If the analysts' prediction is accurate, then what is likely to happen to demand for laser TVs? Coffee harvest in Central American countries has been poor this year due to frequent tropical storms. What is likely to happen to demand for cream assuming that in the consumer eyes coffee and cream supplement each other? The day after Thanksgiving the retail stores throughout the country have placed all types of game consoles on sale at discounts of up to 50%. What is likely to happen to demand, as well as quantity demanded, for game consoles as a result of such move by the retailers