Outlook Attendee Invite Responses

Our organization currently has an equipment borrow request form that people can fill out. I have it setup to automatically create an Outlook calendar event for the requested dates. But I am wondering if there is a way to automate it so that when the event host (one of our staff) declines the invite, the event gets cancelled and the person who requested the equipment gets an email saying that the requested equipment can’t be borrowed during that time frame. Is there a way to make this possible? Or any suggestions for other ways to go about this process?