Supply and Demand. We hear it all the time when it comes to housing.  “It’s simple economics” they say, “It’s supply and demand” they say.  Well, what exactly do they mean by that, and is housing really as simple as the idea that more housing would equal lower prices?

Links:

https://pressbooks.oer.hawaii.edu/principlesofmicroeconomics/chapter/3-2-shifts-in-demand-and-supply-for-goods-and-services/

https://en.wikipedia.org/wiki/Supply_and_demand

https://www.investopedia.com/ask/answers/032715/are-there-any-exceptions-law-demand-economics.asp

https://psu.pb.unizin.org/introductiontomicroeconomics/chapter/chapter-3-supply-and-demand/

https://live.icai.org/bos/vcc-2nd-batch-recorded-lectures/pdf/CHAPTER%202%20%20THEORY%20OF%20DEMAND%20AND%20SUPPLY.pdf