b. Have you been following the historic drought in California? It is quite impressive to see the photos of the almost dry lake beds. Did you know that prices for government supplied water are not allowed to rise. So, the government has begun to limit the use of water to help reduce the shortage. Use graph 1 to illustrate the current situation in the market for water in California. Use graph 2 to illustrate what would happen if the government allowed the water market to work freely. Graph 1 Graph 2 c. Following part B above, you are probably not surprised to know that there is no shortage of bottled water in California. Customers in California can purchase bottled water almost anywhere. How is this possible given there are shortage of tap water all over the state? Use the economic concepts you have learned to answer this