User Account

All Pages

Supply of housing in the short run

Assignment Help Business Management
Reference no: EM131488222

A recent proposal to help make housing more affordable in Australia is to allow first-time homebuyers to use their superannuation savings (that is, compulsory retirement savings) to help pay for a house. This proposal has been criticised by a number of politicians, commentators, and economists. One such criticism came from UNSW Professor Richard Holden, who tweeted, "Using [superannuation] to buy housing shifts money directly from young savers to old sellers. Complete own goal. 1st year econ-level stuff."

Use this information to answer the following questions. You may assume that the market for housing is perfectly competitive.

  1. Is the supply of housing in the short run likely to be elastic or inelastic? Explain your answer.
  2. Using a graph, briefly explain how this policy is likely to affect the market equilibrium price and quantity of housing in Australia.
  3. Based on your answers to parts A and B, explain whether the predictions of the demand-supply model you have studied in this course are consistent with Professor Holden's statement that this policy would "shift money directly from young savers to old sellers."

Reference no: EM131488222

Questions Cloud

Discuss two aspects of sustainable living : Discuss two aspects of sustainable living and explore relevant innovations to ensure sustainability.
How would you interpret these findings : Determine the expected return and beta for the following portfolio: Stock Percentage Of Portfolio Beta Expected Return.
Market structure of the pharmaceutical industry : What is the market structure of the Pharmaceutical industry (e.g perfectly competitive, oligopoly, monopoly)?
Explain what is meant by a qualitative central research : Explain what is meant by a qualitative central research question. How do these questions differ from the research questions used for quantitative studies?
Supply of housing in the short run : Is the supply of housing in the short run likely to be elastic or inelastic? Explain your answer.
Planning for the audit of the entity financial statements : BAO5524 PROFESSIONAL AUDITING ASSIGNMENT. You are assisting your Audit Manager in planning for the audit of the entity's financial statements
How the instrument is manufactured : Give information on the individuals who have served as the chief conductors of the orchestras. Were any of these conductors famous composers, as well?
Why prices of goods and services go up : Any idea why prices of goods and services go up and down over time? Or more precisely, why is the price of avocado (for example) these days is higher than it wa
How often should we revise standard costs : How often should we revise standard costs? When should variances be investigated? Who should be responsible for correcting a negative variance?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd