Event Market for: Demand Price Supply Quantity Quantity Curve Curve Demanded Supplied A severe drought hits the Midwest Corn Rise No Change Left Fall Rise corn growers The U.S. government New Home Rise No Change Left Fall Rise reduces taxes on Building imported lumber The federal government raises the Minimum minimum wage Rise Right Left Fall Rise from $7.25 per wage jobs hour to $11.00 per hour Technology improves for Autos Fall Right Right Rise Fall automobile assembly