When he was the top American administrator in Iraq, L. Paul Bremer III set a rule that upheld Iraqi law: anyone 25 years and older with a “good reputation and character” could own one firearm, including an AK-47 assault rifle. Iraqi citizens quickly began arming themselves. After the bombing of a sacred Shiite shrine in Samarra at the end of February 2006 and the subsequent rise in sectarian violence, the demand for guns increased, resulting in higher prices. The average price of a legal, Russian-made Kalashnikov AK-47 assault rifle jumped from $112 to $290 from February to March 2006, and the price of bullets shot up from 24¢ to 33¢ each (Jeffrey Gettleman, “Sectarian Suspicion in Baghdad Fuels a Seller’s Market for Guns,” New York Times, April 3, 2006). This increase occurred despite the hundreds of thousands of firearms and millions of rounds of ammunition that American troops had been providing to Iraqi security forces, some of which eventually ended up in the hands of private citizens. Use a graph to illustrate why prices rose. Did the price need to rise, or was the rise related to the shapes of and relative shifts in the demand and supply curves?