After a severe bout of foreclosures and defaults on home loans, banks made it harder for people to borrow. How does this change influence the demand for new homes, the supply of new homes, and the price of a new home? Question content area bottom left Part 1 In the market for homes, ______. A. the supply of homes increased. With no change in the demand for homes, the price of homes fell B. the demand for homes decreased. With no change in the supply of homes, the price of homes fell C. the supply of homes decreased. With no change in the demand for homes, the price of homes rose D. the demand for homes increased. With no change in the supply of homes, the price of homes rose E. the demand for homes and the supply of homes decreased. The price of homes fell