Question
1. Find a current news article or video (within the past 12 months) that describes some government intervention in the economy with the intent of
1. Find a current news article or video (within the past 12 months) that describes some government intervention in the economy with the intent of controlling prices. Identify the parties who benefit and those who are or will be hurt by this intervention. What unintended consequences will likely or have occurred as a result of this intervention. What is your opinion on this matter? Why? Include your thoughts and the link to the article in your post.
you can use this article if fits the prompt and if not no worries find your own. https://www.cnn.com/2022/01/18/economy/price-controls-inflation/index.html
2. Give 2-3 examples of goods that you purchase for which your own demand is elastic, explain why - which determinant of demand is driving your elastic behavior?
Give 2-3 examples of goods that you purchase for which your own demand is inelastic, explain why - which determinant of demand is driving your inelastic behavior?
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