(Solved): For each of the scenarios on the left, enter, into the blanks on the right, the number of the graph ...

For each of the scenarios on the left, enter, into the blanks on the right, the number of the graph that best illustrates what is happening in the market. A wood-working shop can produce wooden tables or wooden chairs. The price that consumers are willing to pay for wooden chairs goes way up. What happens in the wooden table market? Wood-working firms make class-room tables out of the sawdust resulting from the production of formal dining-room tables. The price that consumers are willing to pay for dining-room tables goes way up, what happens in the classroom table industry? Baby boomers loved the Rolling Stones back in the 60 's, and most would gladly pay a week's wages to attend a 'Stones concert. But today all the Boomers are old, tired and most don't even want to leave the house. Plus, even though Mick and Keith are still with the band, three of the five original members are either dead or have quit. What's happened to the market for Rolling Stones' tickets? Most consumers of Bud Light are offput by the recent marketing ploys by the Anheuser Busch Corporation to attract the transgender demographic and have decided to punish the beer producer. What's happening in the Bud Light market? The concept of artificial intelligence is catching on and companies all over the world are looking for ways to apply it to their production process. However. artificial intelligence requires lots and lots of semiconductor chips. The Nvidia corporation is the world's leading manufacturer of semiconductors. What's happening to Nvida stock? Artificial intelligence will make the replace many of the workers presently involved in the design, production, sales and delivery of widgets. Once artificial intelligence has been fully incorporated into the widget industry, what will happen in the widget market? Sadly, not long ago. Jim Brown, the famous football player and movie star died. What will happen in the market for Jim Brown autographs? The use of OER (Open Educational Resources) textbooks is a strategy that is being employed by an increasing number of colleges and universities. What is happening in the market for traditional textbooks published by the likes of McGraw Hill and Macmillan? Several years ago, the federal government stopped the construction of a pipe-line for petroleum running from Canada into the United States. As a result, petroleum must now be transported by truck and rail - a far mor expensive way of transporting petroleum. Gasoline is refined from petroleum. What's happened in the gasoline market? Mortgage rates are rising. What's happening in the housing market?