Consider the market for minivans. For each of the following events, identify which of the determinants of supply and/or demand is affected and indicate an increase or decrease in supply and/or demand. Illustrate the shift of a supply curve and/or demand curve in each of the following cases. Describe the change in the equilibrium. 1. People decide to have more children 2. A strike by steelworkers raises steel prices 3. Engineers develop new automated machinery for the production of minivans 4. The price of sports utility vehicles rises.

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