Dairies make lowfat milk from fullcream milk, and in the process they produce cream, which is made into ice cream. The following events occur one at a time:

(i) The wage rate of dairy workers rises.

(ii) The price of cream rises.

(iii) The price of lowfat milk rises.

(iv) With a drought forecasted, dairies raise their expected price of lowfat milk next year.

(v) New technology lowers the cost of producing ice cream. Explain the effect of each event on the supply of lowfat milk.