The table below shows demand and supply schedules for leather jackets. Market Demand and Supply Schedules for Leather Jackets Price ($ per jacket)

$300 250 200 150 100 Quantity Demanded (jackets per year) (D) 70 000 80 000 90 000 100 000 110 000

Quantity Supplied (jackets per year) (S) 100 000 80 000 60 000 40 000 20 000

Due to an increase in the number of producers, the annual quantity supplied in this market increases by 60 000 jackets at every price. d. Draw the new market supply curve (S) on the graph from and indicate the new equilibrium. Plot only the two endpoints of the curve.