User Account

All Pages

Well-defined geographic area of a city

Assignment Help Macroeconomics
Reference no: EM131096113

Assume there is a well-defined geographic area of a city. The area is composed exclusively of apartments and is populated by low-income residents. The people who live in the area tend to stay in that area because

(1) They cannot afford to live in other areas of the city,

(2) They prefer to live with people of their own ethnic group, or

(3) There is discrimination against them in other areas of the city. Rents paid are a

very high percent of peoples' incomes.

Questions:

(1) Would the demand for apartments in this area be relatively inelastic or relatively elastic? State why.

(2) Would the supply of apartments in this area be relatively inelastic or relatively elastic? State why.

  1. Draw the demand and supply curves as you have described them, showing the initial equilibrium price and quantity. Label carefully.(4) Instead, now assume that the government decides to provide a building subsidy to people who build apartments in this low-income area. A certain percent of their costs will be paid by the government. Analyze the results of this program. Show the results on the graph and explain what will result.

Reference no: EM131096113

Questions Cloud

Calculate the annual forward rates for one year : At the beginning of 2009, the Market Place was concerned with interest rate levels and the possibility of inflation. Calculate the annual forward rates for one year and two years from now
Explain in brief the signal transduction cascade by cyclic : Explain in brief the signal transduction cascade by cyclic AMP, Phosphoinositide and calcium (Ca+), G-proteins, and membrane receptor tyrosine kinases. If one secondary messenger is absent, is it possible that the other messenger can take up the acti..
Why are baby boomers such a lucrative market : How has the marketing research process been used -to understand how Baby Boomers shop and interact in stores? How have stores used marketing research findings to tai¬lor their stores and products to appeal to Baby Boomers?
Result of john deposit : What is the maximum possible amount that the national money supply could increase as a result of John's deposit?
Well-defined geographic area of a city : Assume there is a well-defined geographic area of a city. The area is composed exclusively of apartments and is populated by low-income residents. The people who live in the area tend to stay in that area because
Design with two replicates for each treatment to study : A plant manager used a 24 factorial design with two replicates for each treatment to study the effects of four process variables (XI, ... , X4 ) on product quality (Y). State the response model in the form of (29.2a).
Calculate tp sl and give the excitation sequence : Sketch the configuration of a two-pole, four-stack, variable-reluctance stepper motor with two rotor teeth. Use as, bs, cs, and ds to denote the phase windings. Calculate TP, SL, and give the excitation sequence for ccw rotation.
Regression model in matrix form : correct and uses it for purposes of estimation. For example, the X matrix for the reduced model (XI) might include only an intercept column and columns for first-order terms, while the true model involves first-order terms (Xd and some two-factor ..
Explain the organization of mitochondrial respiratory chain : Explain the organization of mitochondrial respiratory chain with diagrams. Add a note on the oxidative phosphorylation for the synthesis of ATP. What will be the consequences that a cell or an organism will have to face if the process of oxidative ph..

Reviews

Write a Review

Macroeconomics Questions & Answers

  You have been hired by nobody state university nsu as a

you have been hired by nobody state university nsu as a consultant to help the university with how to increase their

  Can the policy be consistent with profit maximization

A New Hampshire resort offers year-round activities: in winter, skiing and other cold-weather activities; in the summer, golf, tennis, and hiking. The resort's operating costs are essentially the same in winter and summer. Management charges highe..

  What is the interval estimate of the population proportion

America's young people are heavy Internet users; 87% of Americans ages 12 to 17 are Internet users (The Cincinnati Enquirer, February 7, 2006). MySpace was voted the most popular Web site by 9% in a sample survey of Internet users in this age grou..

  Payment systems in services such as medicare

Question:  Analyze the changes that have occurred in recent years regarding the payment systems in services such as Medicare, Medicaid, Managed Care, etc.

  Calculation of perpetual equivalent annual worth of any cost

here are usually no costs for the first 3 years, but thereafter maintenance is re- quired for restriping, weed control, light replacement, shoulder repairs.

  If hotel management decides to price-discriminate

If hotel management decides to price-discriminate in a manner that maximizes profit, what will be the marginal revenue in each of the market segments, A and B?

  Obesity in the u.s.

Macroeconomic studies would be more interested in the trend in overweight and obesity in the U.S. and other OECD countries rather than the percent of public spending on health care.

  Entering an industry in competition

We considerer a sequential move game in which an entrant was considering entering an industry in competition with an incumbent firm(Figure 15-1). Consider now that the entrant, if fought, has the possibility of withdrawing fromt he industry

  Explain the expansionary or contractionary fiscal policy

How does the federal government implement its fiscal policies. given economic conditions today do you suggest expansionary fiscal policy or contractionary fiscal policy.

  Equilibrium in oligopolistic market

An industry consists of three firms with identical costs C (q)18q +q2. What is the industry equilibrium (price, output and profits) if the firms have Cournot beliefs?

  Strategic plan and self-reflection summary

Review the initial scenario and the Strategic Business Plan presented in Module 1 to make sure that the requirements of the Board and the Part II Strategic Plan are met.

  Why would we have any reason to be involved in international

If our country (US) can make everything better and cheaper than foreigners, why would we have any reason to be involved in international trade?

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