What is your understanding of the concept of elasticity? Does it makes sense to you? Provide also
Question:
What is your understanding of the concept of elasticity? Does it makes sense to you?
Provide also at least one example drawn from your experience as an active market participant. In other words, make sure to offer and illustrate your take on the chapter and, in general, on the notion of elasticity.
Policymaking and Price Controls
Why do we need policymaking (government interventions) at all?
Are price controls (price ceilings and floors) necessary today? Why?
If yes, once we start on the price control path, where do we stop? In other words, how do we determine which prices to control and which prices to leave to the market to determine? Most importantly, make sure to substantiate your primary posting with concepts and examples drawn fromthe article on price controlsprovided by the instructor. If after reading the chapter and the article you happen to believe that price controls are desirable nowadays,please make an objective and conceptually solid and convincing case to that effect.
Financial management theory and practice
ISBN: 978-1439078099
13th edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt