Suppose the market for building new homes is perfectly competitive and one of constant costs. If the demand for new homes increases, Question 7Select one: a. the price to build a new home will go up in the short run and the long run b. the price to build a new home will go up in the short run, but not in the long run c. the price to build a new home will go up in the short run, but go down in the long run d. the price to build a new home will go down in the short run and the long run