Explain each of the following statements using supply-and-demand diagrams. a. "When a cold snap hits Florida, the price of orange juice rises in supermarkets throughout the country." b. "When the weather turns warm in New England every summer, the price of hotel rooms in Caribbean resorts plummets." c. "When a war breaks out in the Middle East, the price of gasoline rises and the price of a used Cadillac falls."2 . "An increase in the demand for notebooks raises the quantity of notebooks demanded but not the quantity supplied." Is this statement true or false? Explain.5. Over the past 40 years, technological advances have reduced the cost of computer chips. How do you think this has affected the market for computers? For computer software? For typewriters