The figure shows a thin-walled open-top cylindrical vessel of radius r and wall thickness t. The vessel is held along the brim and contains a constant-density liquid to height h from the base. Neglect atmospheric pressure, the weight of the vessel and bending stresses in the vessel walls. Which one of the plots depicts qualitatively CORRECT dependence of the magnitudes of axial wall stress (σ₁) and circumferential wall stress (σ₂) on y?