Attempts I I Keep the Highest l 6 14. Determinants of Supplyr and Demand Consider the market for minivans. Assume minivans are a normal good. For each of the following events, identify which of the determinants of demand or supply are affected. If demand is unaffected by this event because it creates only a supply change, select the "None\" option under the \"Demand Determinant\" column. Similarly, if supply is unaffected by this event because it creates only a demand change, select the "None\" option under the \"Supply Determinant\" column. Event Demand Determinant Suppl]!r Determinant People decide to have more children. V V A strike by steelworkers raises steel prices. V V Engineers develop new automated machinery for the production of V V minivans. The price of sports utility vehicles rises. V V A stockimarket crash lowers people's wealth. V V Show the effect of the following event on the market for minivans: People decide to have more children. O Supply Demand Supply Price of Minivans Demand Quantity of MinivansShow the effect of the following event on the market for minivans: A strike by steelworkers raises steel prices. O Supply Demand Supply Price of Minivans Demand Quantity of MinivansShow the effect of the following event on the market for minivans: Engineers develop new automated machinery for the production of minivans. O Supply Demand Supply Price of Minivans Demand Quantity of MinivansShow the effect of the following event on the market for minivans: The price of sports utility vehicles rises. O Supply Demand Supply Price of Minivans Demand Quantity of MinivansModule Three Quiz Show the effect of the following event on the market for minivans: A stock-market crash lowers people's wealth. O Supply Demand Supply Price of Minivans Demand Quantity of Minivans