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3) In each of the following cases, explain what effect the changes will have on the equilibrium price and quantity in the following markets: Market

3) In each of the following cases, explain what effect the changes will have on the equilibrium price and quantity in the following markets:

Market Change
a) computer technicians The use of computers in business continues to expand; while at the same time, the number of graduates in computer technology program increases
b) anti-cholesterol drugs The cost of producing anti-cholesterol drugs increases; and at the same time, medical problems associated with high cholesterol continues to increase.
c) full-sized SUVs The government imposes a special excise tax on full-sized SUVs; while at the same time. Gas prices decrease dramatically.
d) organic spinach Medical reports indicate that spinach is an effective anti-cancer food; while at the same time a new, faster-growing variety of spinach is developed

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