14. Determinants of Supply and Demand Consider the market for minivans. Assume minivans are a normal good. For each of the following events, identify which of the determinants of demand or supply are affected. If demand is unaffected by this event because i creates only a supply change, select the "None" option under the "Demand Determinant" column. Similarly, if supply is unaffected by this event because it creates only a demand change, select the "None" option under the "Supply Determinant" column. Event Demand Determinant Supply Determinant People decide to have more children. A strike by steelworkers raises steel prices. Engineers develop new automated machinery for the production of minivans. The price of sports utility vehicles rises. A stock-market crash lowers people's wealth.Show the effect of the following event on the market for minivans: People decide to have more children. O Supply Demand O Supply Price of Minivans Demand Quantity of MinivansShow the effect of the following event on the market for minivans: A strike by steelworkers raises steel prices. O Supply Demand O Supply Price of Minivans Demand Quantity of MinivansShow the effect of the following event on the market for minivans: Engineers develop new automated machinery for the production of minivans. O Supply Demand O Supply Price of Minivans Demand Quantity of MinivansShow the effect of the following event on the market for minivans: The price of sports utility vehicles rises. O Supply Demand Supply Price of Minivans Demand Quantity of MinivansShow the effect of the following event on the market for minivans: A stock-market crash lowers people's wealth. O Supply Demand O Supply Price of Minivans Demand Quantity of Minivans