How Shifts in Supply and Demand Affect the Equilibrium Point Draw a supply and demand graph which illustrates the wine market. The initial equilibrium is at point A. After one or more changes, the new equilibrium moves to point B, which is located above point A and has the same corresponding equilibrium quantity as point A. Based on the supply and demand model, what caused the equilibrium point to move to point B? Group of answer choices A rise in household income and an increase in the wage rate paid to vineyard workers. A rise in household income and an increase in the number of vineyards. A fall in household income and an increase in the number of vineyards. A fall in the wage rate paid to vineyard workers and a fall in household income