Need help with Economic discussion questions

After watching The Hudsucker Proxy clip, discuss the following: This is about the hulahoop episode

a) What shift factor was at play in this scene?

b) How did it affect the equilibrium price and quantity?

c) Think of a time in your life where your demand was impacted by a shift factor and describe it using the economics we have covered.

Rent control is an example of a price ceiling. Price ceilings keep prices low for consumers. We can clearly see that sellers (landlords in this case) are worse off. Consider if there is an argument to be made that consumers are worse off, too. This is about renting an apartment out after the tenant dies episode.

a) After watching the Seinfeld video clip, discuss how some consumers are made better off and some are not in a rent-control situation.

b) What kinds of rationing mechanisms would develop to help allocate the few apartments that are available?

c) In your opinion, do the benefits of rent control outweigh the costs?

MUST BE IN YOUR OWN WORDS and WILL BE RAN THROUGH TURNITIN

YOU CAN WATCH BOTH EPISOEDS OR CLIPS ON YOUTUBE IF YOU ARE NOT FAMILIAR WITH THE SHOWS..

 

Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.