Question: Please solve these questions. Do not write in cursive. Make sure your answers are clear and state. 3. Consider the market for new homes. For

Please solve these questions. Do not write in cursive. Make sure your answers are clear and state.

3. Consider the market for new homes. For each of the events listed here, identify which determinants of demand or supply are affected. Also, indicated whether demand or supply increases or decreases. Then draw a graph to show the price and quantity of new homes. a People decide to have more children b Engineers develop siding that prevents a house from burning down (2 The cost to rent existing homes decreases by $800 d United States goes to war... 6 China issues additional tariffs on the United States. 4. You are new graduate and just started a job with the State of California as an Economist. Your rst project they want you to review is the minimum wage. They want you to make the minimum wage into a living wage for those in healthcare. How would you choose to estimate the demand and supply for nurses? How would you forecast that need for the next 10 years in the healthcare industry? Explain

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