The graph shows the market for bottled water. Draw a point at the equilibrium price and equilibrium
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Question:
The graph shows the market for bottled water.
Draw a point at the equilibrium price and equilibrium quantity of bottled water Label it 1
Draw a new demand curve that shows what happen in the market for bottled water if the price of a gym membership rises. Label it D 1 .
Draw a new supply curve that shows fewer firms in the bottle of water market. Label it S 1 .
Draw a point at the new equilibrium price and equilibrium quantity of bottled water Label it 2.
Draw only the object specified in the question.
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