Suppose a new employer is also relocating to Lampard City and will be attracting many new people who will want to buy new houses. Assume that the change in licensing requirements mentioned in Question 7 occurs at the same time. What do you think will happen to the equilibrium quantity of new homes bought and sold in Lampard City?

a. It will decrease substantially.

b. It will decrease but not by much.

c. It will increase.

d. Not enough information.