Andrew Yang, who ran for the 2020 Democratic Presidential nomination visited the College of Charleston's campus. One of his central policies is the 'Freedom Divided.' According to his website: The Freedom Dividend is a form of universal basic income, a type of social security that guarantees a certain amount of money to every citizen within a given governed population. Yang's proposal is to guarantee payments of $1,000 per month, or $12,000 per year, to all US. citizens over age of 18. Part 1: Apply the ve steps of comparative statistics/economic analysis to analyze the effect of universal basic income on the market for housing. Include a 1-2 sentence description of that step as it is applied in the analysis. Part 2: Illustrate your analysis in a diagram Part 3: Complete the following statement. Economics policies creates and Part 4: Discuss the statement in Part 3 in the context of implementing universal basic income. Part 5: What happens to the impacts you found in part 1 as the supply curve becomes more inelastic? Part 6: What happens to the impacts you found in part 1 as the supply curve becomes more elastic? Part 7: Taking into consideration the solutions to parts 5 and 6, what are the short and long run impacts on the housing market