Question

Students task is to interpret the demand below "Demand Curve for Financial Advice".

a)Describe the change in the market for Financial Advice.

b)List three conditions which would cause the shift in the demand curve above.

c)What two (2) strategies could the Financial Planning Association (FPA) adopt to impact the market for financial advice to reverse the shift? Refer to the conditions of demand in your response.

d)Assume the demand for renting premises is high with landlords taking advantage of the shortage by raising rents. Governments are concerned that high rents are placing an unfair burden on renters, so they impose a price ceiling. Refer to the graph below "Market for Rental Premises" and describe what the ceiling is and its impact on the market.

e)Referring to the above graph "Market for Rental Premises" Will this government initiative provide a solution to renters? Outline a possible outcome.

the graphs are in the attachment.