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3. Consider the market for minivans. For each of the following events, Please draw a supply and demand diagram that indicates how the event will

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3. Consider the market for minivans. For each of the following events, Please draw a supply and demand diagram that indicates how the event will affect the supply and/or demand, and the price and quantity of minivans. In each case, indicate the starting and ending price and quantity. Also, provide a brief explanation of each diagram. In some cases, you may not have enough information to draw a diagram (i.e., it may not be clear how supply or demand has changed). If so, please explain why not. a. Families in the US are having more children The price of steel rises The price of minivans falls. Factories increase their use of robotics, reducing the cost of producing minivans. Sales of sport-utility vehicles increase. The number of minivans sold increases. rhrDPsnP

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