Please graph the problem as instructed in the pictures.

Schmitt - Google Chrome Quantity Quantity Price Demanded Supplied 800- Market for Alr m $300 1,800 1,400 $400 1,600 1,600 $500 1,400 1,800 500.. $600 1,200 2,000 What is the market price for seats? $-. {'3' 400 {0 L What is the equilibrium quantity of seals? m. Now suppose that federal authorities limit the number of ights between the two cities to ensure that no more 200 than 1,200 passengers can be own. Using the line drawing tool', illustrate this restriction on the graph at right. Label this line 'Restriction'. Carefully follow the instmcons above, and only draw the required objects. 10000 1 200 1.4'00 1 Quantity 01 What is the price of seats hour? $- (Hint: How much are the 1,200 passengers willing to pay for their flitlhts?) ' 32:3\" ELUJJ Click the graph, choose a tool in the palette and follow lhe instructions to create your graph. Take a Test - Olivia Schmitt - Google Chrome X mathxl.com/Student/PlayerTest.aspx?testld=217371790¢erwin=yes Quantity Supplied Market for Airline Seats 800- 1,200 1,400 1,600 1,800 600- S 2,000 Fare ($) 400- hts between the two cities to ensure that no more 200- D raph at right. Label this line 'Restriction'. quired objects. 1,000 1,200 1,400 1,600 1,800 2,000 2,200 the 1,200 passengers willing to pay for their Quantity of Airline Seats Selected: X none Delete Clear ? e instructions to create your graph. ? Type here to search O Eli a X 9 0 2 7:21 PM A LA 7/16/2020