Question 6

a ) In economic theory, as the number of the consumer of a good increases price of that good increases. Does this theory hold for the housing market? Describe the housing market when there is an influx of immigrants in the destination country? Would the impact be the same in any region? Why or Why not?

b) How would your answer change once natives respond to immigration by moving out from the affected area? Support your answers with graphs and ensure your graph has an adequately defined legend.