Make use of the demand and supply analysis to illustrate the full impact that each of the following events would have on the equilibrium price and equilibrium quantity in the selected markets (bolded and underlined). Please use a separate graph for each event.

2.1 Market for butter: the price of bread (a compliment) increases.

2.2 Market for second-hand cars (inferior good): Consumers income decreases.

2.3 Market for diamonds: Suppliers expect the price of diamonds to increase in the near future.

2.4 Market for hand sanitizer: Given the current Covid-pandemic, more firms enter the market.