Search & Filtering
Mention and explain push and pull factors of labour migration
Demand and supply equations for housing market per month are given below.
โข Demand for housing: ๐๐ท = 2500 โ 0.5 ๐
โข Supply of housing: ๐๐ = โ500 + ๐
a) Draw the demand and supply curves for housing market in one graph.
b) Find the equilibrium quantity and price for housing.
c) Compute the consumer and producer surplus in equilibrium.ย
d) Suppose that the government set a rent ceiling at $1800. What are the quantities ofย
housing supplied and demanded at this price? In this case, is there a shortage orย
surplus of houses?
e) How does the price ceiling affect the efficiency in the housing market?
f) Calculate the deadweight loss in the housing market after the price ceiling isย
imposed by the government.
g) Calculate the potential spending for housing search activities
what is nominal GDP in 2006
A Consumer consumed 3 units of a product. Marginal Utilities derived from the first two units are โน500 and โน400. If the price of the product is โน300 per unit and the Consumer is in equilibrium at 3 units, the Consumer Surplus will be ______ย
how to calculate labour participation rate
Should countries intervene to stabilize the exchange rate? And explain the reason
Briefly explain the reason/s that ice cream is sold at a discount in November
Should countries intervene to stabilize the exchange rate?
Why measuring price, income, cross and advertisement elasticities of demand for an
insurance product is good for the growth of the sector? Use supply and demand curves to
illustrate how each of the following events would affect the price/ or premium and quantity of
a private health insurance policy a) if you get benefits under health insurance plan of the state
government b) a decrease in your average income level during pandemic c) if policy
premiums are expected to increase in coming future and d) if more tax benefits are provided
for taking this policy.
Analyze the impact of insurance sector on Gross Domestic Product (GDP) and
financial health of an economy. Also explain why focussing simply on GDP can be harmful
for economic development of a country.
