I need help with my Principles of Macroeconomics homework

Chapter 3 Homework

For each of the problems, answer the following:

a. What happens to demand?

b. What is the demand determinant?

c. What happens to supply?

d. What is the supply determinant?

e. What happens to equilibrium price?

f. What happens to equilibrium quantity?

1. New Homes. The average incomes fall as the economy moves into recession; the productivity of home construction workers and builders increases.

2. Gasoline. Oil production declines due to a crisis in the Middle East; people take more car vacations and drive more.