What effect would a new factory adding 3,000 people to a population with adequate housing have?

The addition of a new factory and the influx of 3,000 workers to a community that already has adequate housing can significantly impact the local real estate market. When a large number of people come into an area, the demand for housing inevitably rises, even if the existing housing supply is deemed adequate.

In this scenario, the increase in population will lead to heightened competition for available housing. As more individuals and families search for places to live, this increased demand typically drives up housing prices. The laws of supply and demand suggest that when demand exceeds supply or when demand increases sharply, prices will rise as buyers are willing to pay more to secure housing. Additionally, if the population exceeds the current housing capacity over time, it may lead to a need for new housing developments, further illustrating the connection between population growth and housing market dynamics. Thus, the correct choice indicates that the new factory's contribution to the workforce will likely lead to increased housing demand and subsequently influence rising housing prices.