3. Consider the hypothetical data below about the 35mm film market. The data in the bottom two rows of the table reflect events affecting the film market equilibrium data in the top two rows of the table. Depict the sequence of events in a single supply and demand diagram for the film market, and carefully explain any shifts you show for your supply and demand curves. July August September Equilibrium price of film $5 $6 $7 Equilibrium quantity of film 100 150 75 Price of photo developing $5 $3 $5 Wages of labor used to make film $15 $15 $18