The demand for housing is often described as being highly cyclical and very sensitive to housing prices and interest rates. Given these characteristics, described the effect of each of the under listed factors in terms of whether it would increase or decrease the quantity demanded or demand for housing. Moreover, when price is expressed as a function of quantity ,indicate whether the effect of each of them is an upward or downward movement along a given demand curve or involves an outward or inward shift in the relevant demand curve for housing. Explain your answers.

A. An increase in housing prices.

B. A fall in interest rates.

C. A rise in interest rates.

D. A sever economic recession.

E. A robust economic expansion.