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Differences between majority rule and proportional rule

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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

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