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3. For each of the following statements, (1) identify the market that you are graphing (or the good you are drawing the market for), (2)

3. For each of the following statements, (1) identify the market that you are graphing (or the good you are drawing the market for), (2) show the changes on your graph, (3) identify the factor causing the change, (4) state what happens to the price and quantity (increase or decrease). Please use the format provided as an example in the question. a. The weather is hot, people usually pay more for ice cream. Market: Factor: Equilibrium Price: Equilibrium Quantity: b. There is a study released about the dangers of driving SUV's due to their current accident and role-over rate. Market: Factor: Equilibrium Price: Equilibrium Quantity:_ 8

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