The feature: Anti-Smoking Policies May Reduce Drunk Driving describes how the equilibrium changed in the market...

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The feature: Anti-Smoking Policies May Reduce Drunk Driving describes how the equilibrium changed in the market for alcoholic beverages when tobacco taxes rose. Use a supply-and-demand diagram to illustrate what happened. Assume cigarettes and alcohol are complements. Consider the market for alcohol illustrated in the figure to the right. 1.) Using the line drawing tool, graph either a new market demand curve for alcohol (D) or a new market supply curve for alcohol (S) after anti-smoking policies such as a tobacco tax increase. Label this line either "D? or 's?: 2) Using the point drawing tool, indicate the new market price and quantity. Label this point 'e, Carefully follow the instructions above, and only draw the required objects. P1 D' Q. quantity of alcohol p. $ per unit of alcohol The feature: Anti-Smoking Policies May Reduce Drunk Driving describes how the equilibrium changed in the market for alcoholic beverages when tobacco taxes rose. Use a supply-and-demand diagram to illustrate what happened. Assume cigarettes and alcohol are complements. Consider the market for alcohol illustrated in the figure to the right. 1.) Using the line drawing tool, graph either a new market demand curve for alcohol (D) or a new market supply curve for alcohol (S) after anti-smoking policies such as a tobacco tax increase. Label this line either "D? or 's?: 2) Using the point drawing tool, indicate the new market price and quantity. Label this point 'e, Carefully follow the instructions above, and only draw the required objects. P1 D' Q. quantity of alcohol p. $ per unit of alcohol