Question: Explain, using demand and supply analysis, the impact on the market for housing as population increases and at the same time the cost of the

Explain, using demand and supply analysis, the impact on the market for housing as population increases and at the same time the cost of the materials needed to make houses decreases. Clearly state the effect on demand and supply and whether equilibrium price and/or quantity have increased, decreased or whether the outcome is uncertain.(10 marks)

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