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The graph shows the beer market.Draw a point to show the quantity of beer bought and sold and the price of beer. Label it P

The graph shows the beer market.Draw a point to show the quantity of beer bought and sold and the price of beer. Label it

PSubscript0.

Draw and label the supply curve when the price of malt rises.Draw a point to show the quantity of beer bought and sold and the price. Label it

PSubscript1.

Market for Beer 96 So 80- 64- Price (dollars per case) 48 32 16- Do 5 10 15 20 25 30 Beer (millions of cases per week)

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