1. A chemical factory has leaked a toxic substance into the ground because fixing the leak was more expensive than the small amount of toxic substance was worth to them. Once it was discovered that the substance was contaminating local water Supplies, though, the factory agreed to fix the leak. a) Draw supply and demand curves for the chemicals produced by the factory before the contamination was discovered. a. Before the contamination was discovered, supply and demand from the chemical factory were in equilibrium. Equilibrium price was P and equilibrium quantity was Q. b) Which, if either, of these curves will be affected by the decision to fix the leak? Adjust your diagram to reflect this change. What, if anything, has happened to the