1. Consider the market for Toyotas in Kenya. Assume all Toyotas are identical and they sell for the same price. Also assume the following: The current market price of Toyotas is KES 2 million The average household income is KES 80,000 Per Month Price of a gallon of fuel is KES 1000 per gallon The price of a public ride is KES 200 a) Suppose the price of Toyotas decreases from KES 2 million to KES 1.5 million. Illustrate this in a graph and explain the change in the market for Toyotas (3 Marks) b) If an increase in average income causes a rightward shift of the demand curve, what type of good would you classify Toyotas as? (2 Marks) c) Suppose that the price of a gallon of fuel rises from KES 1,000 to KES 1,200. Explain and illustrate using a diagram the change in the equilibrium Toyotas