The market for flavored water is characterized by the following supply and demand functions: Supply: =80 8 Demand: =1226 , where stands for quantity supplied (number of bottles), stands for quantity demanded (number of bottles), and stands for price (per bottle). 1st attempt Part 1 (1 point) At the price of $2 per bottle in the market for flavored water, sellers would want to sell bottles. Part 2 (1 point) At the price of $2 per bottle in the market for flavored water, buyers would want to buy bottles. Part 3 (1 point) Suppose that the current price per bottle in the market for flavored water is $2. In this market there is . Part 4 (4 points) Once the market reaches an equilibrium, the price will to $ per bottle, and the quantity will to bottles