According to a news article, prices for new cars were increasing rapidly at the same time that “the used-car market [was] being flooded with leased cars being returned to dealerships.” Use a demand and supply graph of the market for used cars to illustrate how the equilibrium price will change as a result of these events. Be sure that all curves on your graph are properly labeled, that you show any shifts in those curves, and that you indicate the initial and new equilibrium points. Should your graph definitely show the equilibrium price of used cars increasing? Should your graph definitely show the equilibrium quantity of used cars increasing? Briefly explain.