In the following three situations, the market is initially in equilibrium. Explain the changes in either supply or demand that result from each event. Aer each event described below, does a surplus or shortage exist at the original equilibrium price? What will happen to the equilibrium price as a result? 

a. 2018 was a very good year for California wine-grape growers, who produced a bumper crop. 

b. Aer a hurricane, Florida hoteliers often find that many people cancel their upcoming vacations, leaving them with empty hotel rooms. 

c. Aer a heavy snowfall, many people want to buy secondhand snowblowers at the local home improvement store.