This question has graphs that you need to construct as part of your answer. Please go to this site to make your graphs: https://www.draw.io/ Start with a basic diagram and add in all the parts needed to make the correct graph for your answer. When you're done, save your work or take a screenshot and then attach the image file to the test question here before moving on. Before you finish, check your work! Are the horizontal and vertical axes labeled correctly? Does every line have a label? Are shifts shown with directional arrows? Did you show changes in equilibrium points by labeling new one and showing changes in levels on the axes? Shifting Supply and Demand: For this scenario, explain how you think the following situations would affect 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! -An increase on the price of wood in the market for newly built homes