2. Construct a graph of supply to illustrate your answer (make sure you label the graph with P for Price, Q for Quantity and S for Supply. If the Supply change show the new supply by labeling the Supply curve $2 3. By developing and using new technologies to find and extract natural gas, energy companies can increase the quantity of so-called proved reserves. Proved reserves of natural gas are the estimated quantities that companies can profitably extract at current prices using current technology. Would an increase in proved reserves of natural gas mean that we have increased the quantity of our scarce resources? Explain