part 1

In this module we learned of the shifts in both demand of supply, develop your own example by providing a graph and explaining the changes in both prices and quantity (as show in the activity above).

• You must make an example of: -A shift in demand (either increasing/decreasing) or -A shift in supply (either increasing/decreasing)
• Please write picture in a paper and upload it within a word document (here are some instructions:https://www.youtube.com/watch?v=uL-gEtDkmWY
• If you feel comfortable you can also use excel or word to graph the curves.
• YOU MUST TYPE NAME INSIDE THE WORD DOCUMENT IN ORDER TO BE GRADED
• my name is Muhammad Ali Nasir

part 2

Read the article below: https://www.csmonitor.com/Business/2020/0807/The-other-people-facing-housing-woes-amid-pandemic-Mom-and-pop-landlords and watch the video below: https://www.youtube.com/watch?v=P_QkUmSaWhc

1. Are there any benefits to maintaining rent-controlled apartments in any state? disadvantages? (explain your reasoning)

2. The only four states still offering rent-controlled laws are New York, New Jersey, California and Maryland, why do you think this is the case? (explain your reasoning)

3. Do you agree that rental assistance programs should continue to be provided during the pandemic?, how will that affect our long-term economic growth as so many funds are used for this purpose?, what are some of the positive and negative results from applying these subsidies? (explain your reasoning)

part 3

A. Various factors cause a demand curve to shift. List four different factors. B. What are five things that will shift a supply curve to the right? C. Define consumer surplus and producer surplus. D. What is the difference between a change in demand and a change in quantity demanded? E. What is a price ceiling and a price floor?

part 4

Supply/Demand with Government intervention Problem Set

An underdeveloped country decides to set a price ceiling on rental apartments so it can make sure that rents is affordable to the poor. The conditions of demand and supply are given below (which are before the price ceiling).

Remember that when QdQs we have a shortage of inventory. (To calculate the difference its best to do the following equation: Q(s) - Q(d)

Price ($)	Qd	Qs	Difference between Qs and Qd	Surplus/Shortage/Equilibrium (inventory)
400	18,000	12,000
500	15,000	15,000
600	13,000	17,000
700	11,000	19,000
800	10,000	20,000

A) Fill the table above. B) Draw the supply and demand curve showing equilibrium. C) What are the equilibrium price and equilibrium quantity before the price ceiling? . D) What will the excess or shortage of inventory (that is, quantity supplied minus quantity demanded) be if the price ceiling is set at $400? $600? $700?