Question: Suppose that suppliers anticipate a higher price of wireless earbuds in the future. Demonstrate this in your diagram above. Mark the new equilibrium, if there is one, in the diagram above. (please show new with diagram)

Previous Chart and equilibrium:

Price per Total Quantity Total Quantity Wireless Demanded of supplied of Earbud Wireless Earbuds Wireless Earbuds millions per (millions per year) year $5 2 10 4 4 3 6 6 2 8 4 1 10 2 (a) In the space below, draw a correctly labelled market for wireless earbuds (3 marks) . Demand D . Supply 5 4 Price per Wireless Earbud ($) 3