Read the following article : "Average Gas Prices Are Below $2. A Few Stations Are Even Selling For Under $1" (Source: NPR, March 2020) Use the Supply and Demand model to explain how the event(s) in the article affected the market of "gasoline." Your explanation must include a graph. (35 Points)

Note: This is an article from 2020; thus, it's not representative of the current gas prices.

If you state that demand, supply, or both curves shift, make sure to specify which shifter(s) led to that change. Make sure to include how equilibrium price and quantity will change after the shift. See Sample (located in the Overview page) to use as a guide for this question.

Also, your graph can be computer or hand drawn.

https://www.npr.org/2020/03/31/824425219/average-gas-prices-are-below-2-a-few-stations-are-even-selling-for-under-1 (link for document)