Economic

Governments have on many occasions intervened in the market to fall in a cover price ceiling. You argon call for in answering the following questions to draw upon the develop of at least single government, via an internet and library search, which has instituted a rear price ceiling in the term of a contract registration market. Countries that force out be researched are India, many states in the USA, Finland, Italy, Malaysia (Penang), United state and the countries of the Soviet centre (USSR) between 1945 and 1989. 1. Why would governments act to establish a binding price ceiling in the market for letting accommodation? 2 marks 2. Describe, using diagrams where appropriate, the market for rental accommodation originally and after the introduction of rent controls. elaborate the surpluses accumulating to producers and consumers before and after the introduction of the price ceiling. 4 marks 3. How does a Black Market operate, using diagrams where appropri ate, in a strengthen rental market? Who benefits and who loses from its operation? 4 marks 4.What early(a) problems filch with the introduction of rent controls?

Discuss, using diagrams where appropriate, two much(prenominal) problems, hotshot on the demand side of the market and hotshot on the supply side of the market. 4 marks 5.Discuss in detail one non-price techniques of allocation that the government could introduce in attempt to chance on equity (fairness) and one for administrative efficiency in the like a shot adjust market. Discuss 2 marks 6.Discuss 2 options that are airfoil to the owners of rental property (landlords) to choose a renter in the absenc e seizure of a government method of allocati! on. 2 marks 7.Describe how one of these solutions operates and what payoff it has over the other technique. Referencing 2 marksIf you want to get a full essay, order it on our website: OrderEssay.net

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