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Suppose that in a recent market period, an industrywide survey determined the relationship between the price of prerecorded movie DVDs and the 30- quantity supplied

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Suppose that in a recent market period, an industrywide survey determined the relationship between the price of prerecorded movie DVDs and the 30- quantity supplied and quantity demanded shown in the table below and depicted in the graph at right 28- 26- Quantity Demanded Quantity Supplied Price 24 $18 120 million 60 million So $19 110 million 80 million Price ($) 22- $20 100 million 100 million $21 90 million 120 million 20- $22 80 million 140 million 184 Suppose that a survey for a later market period indicates that the quantities supplied in the table 16 Do are unchanged, but the quantity demanded has increased by 30 million units at each price 14 4 50 70 90 110 130 150 170 Output 1.) Using the multipoint curve drawing tool, draw and label the new demand curve for movie DVDs. Properly After plotting the final point of your label this line. multipoint curve, press the Esc key on your keyboard to end the line. 2.) Using the point drawing tool, indicate the new equilibrium point. Label it 'E.' Carefully follow the instructions above, and only draw the required objects

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