X-axis represents “Quantity (millions of bottles per day)”. Its values ranges from 0 to 13 in increment of 1, with the axis broken between 0 and 7. The y-axis represents “Price (dollars per bottle)”. Its values ranges from 0 to 2.00 in increment of 0.50.
The graph represents an increase in both demand and supply. The supply curves are rising upwards and the demand curves are falling downwards. The supply curve labeled “S0” passing through (10, 1.00) shifts rightward to “S1” passing through (12, 1.00). The demand curve labeled “D0” passing through (10, 1.00) shifts rightward to “D1” passing through (12, 1.00).
An arrow labeled “1” and “Both demand and supply increase” extends from S0 to S1 and D0 to D1. Dotted lines extend from (10, 1.00) and (12, ...
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