The graph shows the market for bottled water.

Draw a point at the equilibrium price and equilibrium quantity of bottled water Label it 1

Draw a new demand curve that shows what happen in the market for bottled water if the price of a gym membership rises. Label it D ₁ .

Draw a new supply curve that shows fewer firms in the bottle of water market. Label it S ₁ .

Draw a point at the new equilibrium price and equilibrium quantity of bottled water Label it 2.

Draw only the object specified in the question.

3- 2 Price (dollars per bottle of water) So Do 2 3 Quantity (millions of bottles of water per year) 15