Exercise 3 Use supply and demand analysis to explain and predict what will happen to the equilibrium price and quantity of bananas if: a) Cyclones destroy many banana plantations. b) There is general increase in family incomes and bananas are considered a 'normal' good. Illustrate your answer on two separate diagram treating (a) and (b) as separate events. Use the three step process for 'comparative statics' as you explain each situation