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[Solved] ECO402 GDB Spring 2020  

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admin
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11/08/2020 2:43 am  

ECO402 Microeconomics GDB Solution & Discussion Spring 2020


ECO402 GDB Solution idea:

 

IMPACT ON CONSUMER:
  • Tax will be reduced.
  • Low Risk due to Government involvement.
  • Low price of land due to subsidy.
  • The difference between price paid before subsidy and the price paid after subsidy is consumer benefit.
  • Less Time Consuming.
  • One window operation will avoid red-tapism.
 
 
IMPACT ON PRODUCER:
  • Demand shift will initiate more customers.
  • More Interest of potential investors and investors.
  • The legal procedures will be less time taking.
  • Low Risk due to Government involvement.
  • Less Time Consuming.

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