On the graph to the right, draw a P demand curve to your liking. Pick any price and label it P1, identify the corresponding quanti ty , Q1- There is a (demand shift factor of your choice). It causes demand (increase / decrease). t0 Given the price P1, What has hap pened to the quantity demanded. / On the graph to the right, draw a P supply curve to your liking. Pick any price and label it P1, identify the corresponding quanti ty,Q1. There is a (supply shift factor of your choice). It causes supply to (increase / decrease). Given the price P1, What has hap to the quantity supplied. pened Econ 102/104 Unit 4 Introductory Worksheet Complete the following activities: P On the graph to the right, draw a demand curve to your liking. Pick any price and label it P1, identify the corresponding quanti ty 3 Q1' Pick a new price labeled P2 , is it an increase or decrease relative to P1? Identify the quantity (Q2) that corresponds to P2. Did the quan tity increase or decrease relative to Q2? P On the graph to the right, draw a supply curve to your liking. Pick any price and label it P1, identify the corresponding quanti- ty , Q1- Pick a new price labeled P2 , is it an increase or decrease relative to P1?/ Identify the quantity (Q2) that corresponds to P2. Did the quan- tity increase or decrease relative to Q2? /