Question: I understand option 1 but need help woth the second and third please S. P X Q (houses) OPTION 1 - choose one of these
I understand option 1 but need help woth the second and third please

S. P X Q (houses) OPTION 1 - choose one of these scenarios to graph and briefly explain what's happened. How's the market for housing affected by the following scenarios? 1. A local plant (and major employer in the town) closes. 2. A new highway is built, which makes it much easier to commute to a nearby city. 3. The town's schools are recognized for providing an excellent education. OPTION 2 - Consider the local market for housing below. Shift the curve that would be caused by a major employer closing its factory in this town. What will be the effect on price? OPTION 3 - What has happened in the rental market to supply and to the demand of rental housing. Evaluate each side of the market and then graph the result
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