Question: 5. For each part of this question. explain whether the given statement makes Good Economic Sense. Explain means state whether the statement makes sense or


5. For each part of this question. explain whether the given statement makes Good Economic Sense. \"Explain\" means state whether the statement makes sense or not and then give an appropriate economic reason why the statement does or does not make sense. a. In an analysis of housing prices, a newspaper reporter wrote, \"when there is a shortage of something, consumers will eventually give up trying to buy it, so the demand for that thing decreases, and the price falls until the market is nally in equilibrium." Does this statement make Good Economic Sense
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