Topic: As UK house prices continue to rise there were many concerns about potential shortage for

first time buyers.

Can you please explain and discuss the key factors impacting on the supply and demand of housing in the UK in (2020-2024). Also, research what happened in practical terms and link this to economic theories.

Create supply and demand diagrams.

1. A basic supply and demand equilibrium

2. Supply shifting to the right

3. Supply to the left

4. Demand to the right

5. Demand to the left

6. Elastic demand

7. Inelastic demand

8. Elastic supply

9. Inelastic supply

Please include relevant links