1. Create a graph that demonstrates equilibrium and excess demand. Make sure your graph includes the same supply and demand curves that you just created. In addition, label the point of equilibrium, draw a line showing the current price at Bond's ($10), and label the excess demand on the graph. (10 points) ?

$60 y $50 $40 $30 Membership Prices $20 $10 $0 X 0 100 200 300 400 500 600 700 800 Memberships