1. Use a graph of supply and demand to determine how each of these events would affect equilibrium price and quantity.

1. In the market for laptops, buyer income rises
2. b.In the market for pens, wages of pen factory workers rise
3. In the market for SUVs, the price of petrol rises
4. d.In the NYC dining market, more restaurants open in the city
5. In the crude oil market, import sanctions are imposed on a major exporter