Go to the following link and answer question (g) below.

https://www.abc.net.au/news/2020-09-28/rescinding-of-responsible-lending-legislation-hurts-borrowers/12708810

(a)In September 2020 the Treasurer announced that the Government would remove the Responsible Lending Legislation. This means that the borrower rather than the bank is mainly responsible for ensuring that Home Mortgage Loans would be consistent with the best interests of the borrower. What would be the impact on the Demand curve for Home Mortgage Loans of the relaxation of the Responsible Lending Legislation?

Go to the following link and answer the questions that follow.

https://www.raskmedia.com.au/2020/09/25/big-4-asx-bank-share-prices-surge-after-lending-laws-changed/

(b)Briefly explain what did happen to the share prices of Australian banks after the Treasurer made this announcement in September 2020 and explain how this would be reflected in the Supply and Demand Diagram.