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 Ques-...

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 Ques-
tion 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.