Quantity (thousands of jackets per year) b. The equilibrium price is $ and the equilibrium quantity is jackets. c. Due to an increase in the number of producers, the annual quantity supplied in this market increases by 60,000 jackets at every price. The new equilibrium price is $ and the new equilibrium quantity is jackets. d. Draw the new market supply curve (S1) and indicate the new equilibrium on the graph above. Plot only the 2 endpoints to draw the curve and 1 point to Indicate the new equilibrium In the graph above. e. Due to the change in supply conditions, sellers' total revenue will change. When compared with the initial equilibrium price and quantity, sellers' total revenue (Click to select) v from $ million to $ million. Because price and total revenue move in the (Click to select) v | direction(s), demand is |(Click to select) | in this price range.