The pandemic accelerated a trend toward more flexible work arrangements for office staff. This has allowed people think about living outside city centers, moving to the suburbs or even more rural areas. a. Given these events, explain using a diagram of supply and demand (show the shift of the curves). How do you think the demand for housing outside city centers will likely behave (increase or decrease)? Show the direction of the shift (to the right or the left. Will housing prices outside city centers be higher/lower in the new equilibrium?