please solve all the part of 3 & 4 number question. Please. Request.

Question 3: Pharmaceutical drugs have an inelastic demand, and computers have an elastic demand. Suppose that technological advance doubles the supply of both products (that is, the quantity supplied at each 4 of 8 points price is twice what it was). Within 25 words for each answer, explain: 12 marks x 4 = 8 marks) a. What happens to the equilibrium price and quantity in each market? 2/2 the equilibrium price will fall and quantity will increase. X X b. Which product experiences a larger change in price? 1/2 Pharmaceutical drugs experiences a larger change in price X X c. Which product experiences a larger change in quantity? 1/2 Computers experiences a larger change in quantity. X X d. What happens to total consumer spending on each product? 0/2 X Question 4: Consider the market for minivans. For each of the events listed here, identify which of the determinants of demand or supply are 0 of 8 affected.Also indicate whether demand or supply increases or decreases. points Write each answer within 25 words. {2 marks x 4 = 8 marks} X a) People decide to have more children. 0/2 X X b) A strike by steelworkers raises steel prices (note: steel is a raw material0/2 used in the production of mini vans) X X c) Engineers develop new automated machinery for the production of 0/2 minivans. X X d) A stock-market crash lowers people's wealth. 0/2 X