Suppose that the price of cut wood decreases, lowering the cost of furniture. What effect would this have on the U.S. furniture industry, in general, and on U.S. companies, in particular? Illustrate your answer using two graphs, one for the industry and one for companies. The one for industry should underline the shifts in market demand and supply curves, as well as equilibrium market price. The other should include the demand curve of the company, marginal revenue, marginal cost curve, and average total cost curve.