Part 3:Place all items for Part 3 on the same graph. For each scenario below, state if there has been a change in quantity demanded or a change in demand for the item in question. Starting by drawing a demand curve and then indicate using arrows and, if necessary, drawing a new curve to illustrate what happens. Be sure to also write down in words what occurs with each scenario. . Note, a, b, c, and d will all be on one graph.

a) The price of sugar increase, will there be a change in quantity demanded or change in demand of baked goods?

b) The price of coffee rises. Will there be a change in quantity demanded or change in demand of tea?

c) The unemployment rate has increased to the highest in ten years. Will there be a change in quantity demanded or change in demand of new cell phones?

d) The price of iPhones decrease. Will there be a change in quantity demanded or change in demand of iPhones?

e) The cost of almonds increased. Will there be a change in quantity demanded or change in demand of almonds?