(Solved): The graph on the right shows a demand curve labeled \( D_{1} \). Us. the line drawing tool to draw ...

The graph on the right shows a demand curve labeled \( D_{1} \). Us. the line drawing tool to draw the new demand curve, \( D_{2} \), when demand increases by 20 percent. Attach the appropriate provided label. Carefully follow the instructions above, and draw only the required object. The equation for the original demand curve \( D_{1} \) is \[ \mathrm{Q}=50-6.25 \mathrm{P} \text {. } \] Find the new demand equation when demand increases by 20 percent. (Enter numeric values rounded to one decimal place in the spaces below. Note that there is already a negative sign in front of the slope term, so enter the slope value as a positive number.) \[ \mathrm{Q}=-\mathrm{P} \text {. } \] The supply curve for the product is \[ Q=-10+12.5 P \text {. } \] Find the original equilibrium price and quantity using the original demand curve \( D_{1} \). (Enter your responses as real numbers rounded to 2 decimal places.)