Hello, could someone please me help me out with this? Options for blank 1: increased or decreased Option for blank 2: increased or decreased Option for blank 3: increased or decreased Option for blank 4: increased or decreased.

Question 1 1 pts The model of supply and demand is one of the most important tools of economic analysis. Market forces determine equilibrium price and quantity and there are many different factors that can cause supply or demand to shift to the right (an increase) or to the left (a decrease), resulting in new values for equilibrium price and quantity. In the current economy, many product prices have been increasing. Supply and demand analysis reveals that price increases occur either because the demand function [ Select ] or the supply function [ Select ] . Demand has likely [ Select ] in many markets because so many consumers are trying to return to their normal routines after the pandemic. Supply has likely [ Select ] in many markets because firms are facing worker shortages and supply chain problems