In an analysis of the market for paint, an economist discovers the facts listed below. State whether each of these changes will affect supply or demand, and in what direction. Explain briefly. a. Due to price inflation of chemicals, paint is more costly to produce b. Because of severe hailstorms, many people need to repaint now. c. Paint technology has recently undergone significant improvements in terms of durability (longer life). d. Cost-cutting technology has made paint cheaper to produce