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  3. 3 consider the market for minivans for each of the...

Question: 3 consider the market for minivans for each of the...

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3. Consider the market for minivans. For each of the events listed here, identify which of the determinants of demand or supply are affected by graphing out the affects on the supply and demand curve. Indicate whether demand or supply increases or decreases.[you do not need to show your graphing work in the forum] a. People decide to have more children. b. A strike by steelworkers raises steel prices. c. Engineers develop new automated machinery for the production of minivans. d. The price of sports utility vehicles rises. e. A stock-market crash lowers peoples wealth.

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