Question: Like many other cities, Denver experienced a sharp decline in construction of new homes in the years following 2006. Many carpenters, roofers, and other skilled

Like many other cities, Denver experienced a sharp decline in construction of new homes in the years following 2006. Many carpenters, roofers, and other skilled workers left the area or found jobs in other industries. In addition, builders stopped buying and preparing home lots for construction. According to an article in the Wall Street Journal, by 2014, as consumers increased their demand for new homes in Denver, "New-home prices have surged over the past two years ... amid a shortage of home lots and skilled construction workers." Predict what is likely to happen to the price of new homes in Denver in the future? Use a graph to illustrate your answer.

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