Question: Using an S-D graph (on a market for housing), declining home inventory impacts the housing market. Does any of the curves (Demand or Supply for

Using an S-D graph (on a market for housing),
Using an S-D graph (on a market for housing), declining home inventory impacts the housing market. Does any of the curves (Demand or Supply for homes) shift? Why? Please explain clearly. What happens to equilibrium price and quantity of homes because of declining home inventory? Why? What happens to consmer and producer surplus in the housing market because of declining home inventory? Explain why. Be specific

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