Identify whether demand or supply is increasing or decreasing for the relevant product. In each case, identify the demand factor causing the change from the lists below. In which direction does the demand or supply curve shift? Demand Factors Supply Factors number of buyers number of producers income resource price price of another product state of technology consumer preferences change in nature consumer expectations price of related product producer expectations a. An influx of new residents into a small town influences housing purchases. In the market for housing there is a(n) (Click to select) v in (Click to select) v The factor that causes this change is: (Click to select) v. The (Click to select) v|curve shifts to the (Click to select) b. A fall in average consumer incomes affects purchases of bologna. In the market for bologna there is a(n) (Click to select) v in (Click to select) The factor that causes this change is: (Click to select) The (Click to select) v curve shifts to the (Click to select) C. A rise in the price of wheat affects the decisions that farmers make about the production of barley. In the market for barley there is a(n) (Click to select) |in (Click to select) v