Question
The NSW Government's Active Kids program offers families two annual $100 discount vouchers to reduce the cost of any organised sporting activity for children aged
The NSW Government's Active Kids program offers families two annual $100 discount vouchers to reduce the cost of any organised sporting activity for children aged between 4.5 and 18 years of age. The Government has stated that the Active Kids program is part of its priority to reduce overweight and obesity rates among children.
In the supply and demand framework (read: draw diagrams) examine the impact of the voucher under different scenarios (e.g)
1.Relatively fixed supply and relatively flexible supply
2.Highly price responsive parents and less price responsive parents
Could you please explain how these scenarios would look on a supply/demand curve? and what the effect of the voucher would be on these curves?
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