Click the following icon to view additional information 360- necessary to complete the exericse. P 340- 320- Suppose market demand for oil increases to D2, as 300- illustrated in the reference figure. In the graph for the 280- LRAC. representative firm, show the new long-run average cost 260- 240- curve. 220- 200- Using the three-point curved line drawing tool, on the Dollars per barrel figure to the right, graph the new long-run average cost 160- curve. Label this curve LRAC2. 140- 120- Carefully follow the instructions above, and only draw the 100- required object. . . . 80- 60- 40- 20- 0.0 0.3 0.6 0.9 1.2 1.5 1.8 2.1 2.4 Output (barrels per day in 100s)