Graph for Short Run Equilibrium in the Housing Market: Label the x-axis as "Quantity of Houses" and the y-axis as "Price." Draw a demand curve sloping downward to represent buyers' demand for houses. Draw a supply curve sloping upward to represent sellers' supply of houses. Identify the short-run equilibrium point where the demand and supply curves intersect. Show how changes in interest rates can shift the demand curve, influencing the short-run equilibrium price and quantity of houses