Event 1: Half-way through COVID when consumers asked to stay home (and hair kept growing). Draw a new demand and supply curves in the market for haircut/hair services before COVID. Label the axes and the curves and the initial equilibrium prince and quantity as P0 and Q0. Label any changes to the demand or supply curves with the event. Label the new equilibrium price at P1. Label the new equilibrium quantity at Q1. Interpretation of Event 1: What does the graph suggest will happen to the price of haircuts? What does the graph suggest will happen to the number of haircuts transacted? Are the findings of the graphs consistent with your experience during COVID