Using the graph on the right, show the effect of a negative shock on the labor demand curve in an economy. Assume that wages in the economy are rigid and cannot change in the short run. 1.) Using the line drawing tool, show the new labor demand curve prior to the effects of any multipliers. Label your cuurve 'D'. 2.) Using the line drawing tool, show the new labor demand curve after the effects of multipliers. Label your cuurve 'D3'. 3.) Using the point drawing tool, locate the equilibrium point if wages were flexible. Label your point 'e'. 4.) Using the point drawing tool, locate the equilibrium point given that wages are rigid. Label your point 'e.' Carefully follow the instructions above and only draw the required objects. - Wage W Labor L S Q