Question
Supply and demand equations for government housing are given below. Supply: Q S = 16,000 + 0.4P; Demand: Q D = 32,000 - 0.4P. Now
Supply and demand equations for government housing are given below. Supply: QS = 16,000 + 0.4P; Demand: QD = 32,000 - 0.4P. Now assume that, government has set a price ceiling of 15,000 Taka by considering the social need of the product/service. What will be the impacts of this intervention? Do you support this type of intervention by government? Why or why not? [4]
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Introduction To Business Statistics
Authors: Ronald M. Weiers
7th Edition
978-0538452175, 538452196, 053845217X, 2900538452198, 978-1111524081
