Price (Dollars) Quantity Demanded Quantity Supplied (Tickets) (Tickets) 4 12,000 10,000 8 10,000 10,000 22 12 8,000 10,000 16 7,000 10,000 20 6,000 10,000 Use the blue points (circle symbol) to graph the demand for basketball tickets. Then use the orange points (square symbol) to graph the supply of tickets. Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in this market. Price of Tickets (Dollars) 18 10 -0 Original Demand Supply +. Original Equilibrium New Demand 10 12 14 18 20 Now Equilibrium Quantity of Tickets (Thousands) Your college plans to increase total enrollment next year by 7,000 students. The additional students will have the following demand schedule: Price (Dollars) Quantity Demanded (Tickets) 6,000 8 5,000 12 4,000 16 3,000 20 2,000