A major flood occurs in Watertown and the demand for bottled water increases. The table below shows the demand and supply schedules for bottled water in the city of Watertown before and after the flood Market Demand and Supply for Bottled Water (daily) Quantity Demanded Quantity Demanded BEFORE the flood AFTER the flood Quantity Supplied Price per litre (litres per day) (litres per day) (litres per day) $5.00 100 300 700 $4.20 200 400 600 $3.40 300 500 500 $2.60 400 600 400 $1.80 500 700 300 $1.00 600 800 200 If the government acts to limit the price of bottled water to the market-clearing level that occurred before the flood, the price will be $ . The quantity will adjust to