Consider the market for minivans. For each of the events listed here, identify THE FOLLOWING: 1. Which of the determinants of demand or supply are affected. 2. Also indicate whether demand or supply increases or decreases (for each case). 3. Draw a diagram to show the effect on the price and quantity of minivans for each case 4. Where will the new equilibrium be? 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 vehicle rises. e. A stock - market crash lowers people's wealth

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