Can you please illustrate the below description in a graph (x and y axis).

In this graph, the vertical axis represents the price of electric vehicles in Australian dollars, while the horizontal axis represents the quantity of electric vehicles sold in the market.

The demand curve for electric vehicles is shown as a downward sloping line, indicating that as the price of electric vehicles decreases, the quantity demanded increases. As consumer awareness and preference for electric vehicles increases, we can expect the demand curve to shift to the right, resulting in a higher equilibrium quantity (Qe) and price (Pe).

The supply curve for electric vehicles is shown as an upward sloping line, indicating that as the price of electric vehicles increases, the quantity supplied increases. As more manufacturers enter the market and existing manufacturers expand their production capacity, we can expect the supply curve to shift to the right, resulting in a higher equilibrium quantity (Qe) and potentially a lower price (Pe).

The intersection of the demand and supply curves represents the equilibrium point, where the market price and quantity are determined. In this graph, the equilibrium price and quantity are represented by the point (Pe, Qe).

Overall, this graph demonstrates how the supply and demand framework can be used to predict the market price and quantity for electric vehicles in Australia in response to changes in demand and supply factors.