Question 1, Text E Homework: HW 6 Micro HW Score: 72.73%, Chapter 10, 12 Problem 4.3a 8 of 11 points Part 1 of 2 O Points: 0 of 1 Save Describe how each of the following events would affect (1) demand for construction workers and (2) construction wages in Portland, Oregon. Illustrate with supply and demand curves. S1 A sharp decrease in interest rates on new-home mortgages increases the demand for new houses substantially. 1.) Using the line drawing tool, illustrate how this affects the labor market for construction workers. Label this line. 2.) Using the point drawing tool, indicate the new equilibrium. Label this point 'Equilibrium'. Wage rate ($) Note: Carefully follow the instructions above and only draw the required objects. D1 Construction workers