True/False . A variety of factors can shift the demand curve . Rising demand always leads to higher levels of prices. High prices indicates high inefficiency and a mis-functioning of markets.. The simplest and most efficient way to address this is for government intervene in the market by controlling prices. Controlling prices would always benefit consumers. However there are better and more superior ways that don’t involve the government controlling prices including increasing competition and marginal productivity/product; and reducing marginal cost. Instructions : Assume there is competition in the market . Fully explain in detail with graphs and Math to prove your argument. Explain in detail the pros and cons of policies to be used, that are backed up with graphs, maths and etc. Use real life examples to back up your argument. Logically and correctly link all your arguments. Explain “HOW” and the “WHY”
True/False . A variety of factors can shift the demand curve . Rising demand always leads to higher levels of prices. High prices indicates high inefficiency and a mis-functioning of markets.. The simplest and most efficient way to address this is for government intervene in the market by controlling prices. Controlling prices would always benefit consumers. However there are better and more superior ways that don’t involve the government controlling prices including increasing competition and marginal productivity/product; and reducing marginal cost.
Instructions : Assume there is competition in the market . Fully explain in detail with graphs and Math to prove your argument. Explain in detail the pros and cons of policies to be used, that are backed up with graphs, maths and etc. Use real life examples to back up your argument. Logically and correctly link all your arguments. Explain “HOW” and the “WHY”
Properly cite all your sources, including graphs, maths and etc.
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