On the following graph, use the orange points (square symbol) to plot points along the portion of theindustry'sshort-run supply curve that corresponds to prices where there is positive output. (Note: You are given more points to plot than you need.) Then, place the black point (plus symbol) on the graph to indicate the short-run equilibrium price and quantity in this market.

Note: Dashed drop lines will automatically extend to both axes.At the current short-run market price, firms will in the short run. In the long run, .

100 -0 90 80 Demand Industry's Short-Run Supply PRICE (Dollars per jacket) 70 60 Equilibrium 50 40 30 20 10 0 0 80 160 240 320 400 480 560 640 720 800 QUANTITY (Thousands of jackets)