Home orzly End C V Student Name: Part II: Short-Answer Questions (27 Points) Please answer the following questions in the space provided. Show your work. 0/ 12 37. For cach of the following markets, draw a diagram using supply and demand curve to illustrate the impact each of the stated changes would have on demand. supply, as well as equilibrium price and equilibrium quantity, Show your Work. 37a. The iPhone market: more consumers prefer iPhones over alternative technologies P 3 Points) 0/ 3 Q X 37b. The fast-food market: the number of fast-food restaurants in an area increases. P (3 Points) 0 / 3 X Q 37c. The housing market: Consumers' income fall. (3 points) 0 / 3 X P 37d. The peanut market in the U.S. Southeast: A drought severely damages the crops. (3 Points) 0 / 3 X