A rise in average consumer incomes per year from $60,000 to $80,000 causes the frequency of local tours demanded to fall from 18,000 to 15,000 bookings E. DEMAND AND SUPPLY ANALYSIS (8 PTS) For each market whose product is identified, identify whether we are referring to A. CHANGE IN DEMAND B. CHANGE IN QUANTITY DEMANDED C. CHANGE IN SUPPLY platform. D. CHANGE IN QUANTITY SUPPLIED 1. The price of cherries increases leading to a change in how many are offered for sale. 2. The drop in the monthly subscription rate for Zoom changes the number of subscribers to the 3. A rise in the popularity of the online game Mobile Legends affects the sales of Nintendo WII. 4. An oil spill off the coast of the Atlantic Ocean has an impact on the stock of lobster. 5. More sophisticated farming equipment causes a change in the production of rice in Thailand. 6. The quantity of canned goods purchases adjusts due to an increase in consumer incomes. 7. There is a decrease in the price of tea affecting how many farmers supply. 8. The price of a particular luggage brand rises leading to a change in sales.