Use the demand and supply framework we developed in class to analyze the market in each of the scenarios (a) through (e) found below the answer table. For each scenario, fill in each of the corresponding cells in the answer table by identifying how the demand and/or supply curves shift (left, right, or no change) and what the effects on equilibrium price and quantity (increase, decrease, ambiguous) are. (You must use these words, not others!)

1. A recent study claims that consumption of bicarbonate gum reduces heartburn.(-
2. A new study claims that grapefruit reduces the risk of stroke for women. And poor weather conditions in California, Arizona, Texas, and Florida decrease this year's grapefruit crop by 30%.(-
3. University students consider microwavable meals to be an inferior good. Due to the economic recovery, students' incomes increase by 20%.(-
4. Given waning safety concerns, German tourists return to Mallorca (Spain) as a favorite destination. At the same time, local government authorities in Mallorca remove expensive health-compliance regulations placed on hotel operators during the pandemic.(-
5. Airlines decrease airfares 30% to ports of embarkation (Barcelona and Rome) for passengers booking week-long Mediterranean cruises. (Air travel to and from these ports, of course, is necessary in order to take the cruise.)(-

Scenario	Market	Demand Curve	Supply Curve	Equilibrium Price	Equilibrium Quantity
(a)	Bicarbonate gum	Right	Right
(b)	Grapefruit
(c)	Microwavable Meals
(d)	Hotel Rooms in Mallorca
(e)	Mediterranean Cruises