Of course increasing supply lowers the equilibrium price, relative to the case where supply doesn't increase. https://research.upjohn.org/cgi/viewcontent.cgi?a

Of course increasing supply lowers the equilibrium price, relative to the case where supply doesn't increase. https://research.upjohn.org/cgi/viewcontent.cgi?article=1325&context=up_workingpapers https://research.upjohn.org/cgi/viewcontent.cgi?article=1325... > This suggests that new construction reduces demand and loosens the housing market in lowand middle-income areas, even in the short run.