2. Market Effects of Transfers Consider the market impacts of housing assistance programs. Suppose the government introduces a new housing voucher program to all renters. (a) in a market with perfecty inelastic supply, who benefits from this policy? Illustrate graphically and explain (b) in a market with perectly elastic supply, who benefits from this policy? Illustrate graphically and explain Now suppose that the subsidy is only available to low-income renters (c) are non-low-income renters in the inelastic market paying more, less, or the same as a result of this policy? Explain (d) are non-low-income renters in the elastic market paying more, less, or the same as a result of this policy? Explain