1. Using supply andf'or demand curves, show what happens to the price andfor quantity in the following events: a) In the market for garments, if the garments workers wages fall. bl In the market for garments, if people spend less on clothing. c} In the market for garments, if price garments fall (only from the consumers point of View) 2. The table below summarizes information about the market for the principles of economics textbooks: Price (Tk). Quantity Demanded Quantity Supplied 100 2000 100 250 17'00 400 400 1400 700 550 900 900 700 800 1500 a] If the market price is 700 ta ka, how many textbooks will be sold? b) If the market price of textbooks is BBQtake 250 taka, will there be a shortage or surplus, and by how much? c) How will sellers respond to this (part b]? d) What is the equilibrium price and quantity of textbooks? e] If more efficient printing machines are invented, show graphically how this affects the equilibrium price and quantity of textbooks sold