Differences between majority rule and proportional rule

Assignment Help Business Economics

Reference no: EM131171226

A. Sometimes, governments will set a ceiling on the price of rent for housing. What effects to price ceilings have on the housing market? Give at least three examples.

B. Think of an example of a good that is highly elastic. What makes this good highly elastic? Draw a demand curve for your highly elastic good.

C. What are the differences between majority rule and proportional rule? Give an example of each.

Reference no: EM131171226

Questions Cloud

Conspicuous consumption forms : How does snob appeal/conspicuous consumption forms a situation when more is demanded when the price increases

Economists use ceteris paribus : Why do economists use ceteris paribus as an expression meaning all other things remaining constant?

Calculate the allowable uncertainty in the relative : Calculate the allowable uncertainty in the relative displacement measurement in order to ensure an uncertainty of no more than 5 percent in the acceleration measurement.

Why apple is or is not a socially responsible organization : You are the author of a popular CSR article. For this week's discussion post, discuss the main reasons why Apple is or is not a socially responsible organization

Differences between majority rule and proportional rule : Sometimes, governments will set a ceiling on the price of rent for housing. What effects to price ceilings have on the housing market? Give at least three examples. Think of an example of a good that is highly elastic. What makes this good highly ela..

Assumptions for the harrod domar condition : Please help me with this assignment. a) State any three assumptions for the harrod domar condition for full employment. b) Briefly distinguish between consumer excess sensitivity and consumer excess smoothness.

What percent of the assets are financed by debt : What percent of the assets are financed by debt? What is the debt to equity ratio for HD? Chocolates What does the current ratio reveal about a corporation and how is it used in decision making?

Perfect competition-monopoly-monopolistic competition : Compare Perfect competition, monopoly and monopolistic competition. How are these three types of markets similar? How are they different?

User Account

All Pages