Create Your Own Supply GraphActivity Create a Graph Now that you are familiar with the way a supply curve is graphed, you will create your own supply graph! Step 1: Use the Supply Schedule provided to you. Write the data table to use in the next step. Step 2: Create a supply graph. I Correctly label the x-exis and y-exis 1iiith the terms price and quantity. - assign values for price and quantity along each axis. Consider the numbers in your data table and the size of your graph. For example. you may want to rnal-ce price in increments of 25. o Create a title for your graph by choosing any good or sat-vice for the date to represent. - Using the data table from Step 1. plot a supply curve and label the curve "S." Step 3: Add a cunre to your graph that represents an increase in supply. Label the new curve "31 Step 4: In 4+ lines. explain a situation that could have resulted in the supply increase. Be sure to: I Make your situation specific to the product or service you chose in Step 2. - Use at least one factor from the acronym ROTTEN in your explanation. Step 5: Add another curve to your graph that represents a decrease in supply. Label the new curve "S2.\" Step E: In 4+ lines, explain a situation that could have resulted in the supply decrease. Be sure to: - Make your situation specic to the product or service you chose in Step 2. - Use at. least one factor from the acronym RDTI'EH in your explanation. Use the skills you have learned to create your own supply graph. Use the supply schedule below Price Quantity Supplied $10 3,000 $20 10,000 $30 15,000 $40 20,000 $50 30,000 $60 45,000 $70 55,000 $80 75,000