Before you nish, check your work! I Are the horizontal and vertical axes labeled correctly? I Does every line have a label? I Are shifts shown with directional arrows? I Did you show changes in equilibrium poinis by labeling new one and showing changes l|"| levels on the axes? Shifting Supply and Demand: For this scenario: explain how you think the Following situations would af'l'ect the indicated market. Draw a properly labeled graph as part of your answer, showing what happens to equilibrium price and quantity in the market. Be sure to upload your graphs to the assignment so they can be graded! I An increase on [he price ofwood in the market for newly built homes. E9 5 how Rub ric