City council in New York decided to refurbish several old buildings in upper Manhattan. As a result, there was a sudden spike in the supply of nice apartments in that neighborhood. Absent any other changes, we should expect, (a) A shift of the supply curve to the right, and hence a lower rental price. (b) A shift along the supply curve to higher prices. (c) New houses would also shift the demand curve to the right due to lower prices. (d) Supply of new houses should affect peoples’ tastes, and we cannot predict anything.