Developers have been drastically over-building senior housing developments because they were anticipating more boomers would be buying into senior housing. This did not happen.Essentially, this means that there is a surplus of senior housing right now and communities are desperate to fill their vacancies.

explain how the changes should impact Pe and Qe Classify as a change in demand ( increase or decrease )or a change in quantity demanded , (increase or decrease), a change in supply, ( increase or decrease)or a change in quantity supplied ( increase or decrease) . Make sure you fill in the graphs the same way I did in the sample graphs in the sections from my notes for session 3 Use ? (question mark) if you can't tell if there is an increase or a decrease Leave it blank if there is no change. Use arrows for increases and decreases or the words increase and decrease