How will a substantial increase in demand for housing affect the wages and emplo

Question

How will a substantial increase in demand for housing affect the wages and employment of carpenters, plumbers, and electricians? Suppose that college students in your town persuaded the town council to enact a law setting the maximum price for rental housing at $400 per month. Will this help or hurt college students who rent housing? In your answer, address how this price ceiling will affect (a) the quality of rental housing; (b) the amount of rental housing available; (c) the incentive of landlords to maintain their properties; (d) the amount of racial, gender, and other types of discrimination in the local rental housing market; (c) the ease with which students will be able to find housing; and. finally, (f) whether a black market for housing would develop. To be meaningful, a price ceiling must be below the market price. Conversely, a meaningful price floor must be above the market price. What impact will a meaningful price ceiling have on the quantity exchanged? What impact will a meaningful price floor have on the quantity exchanged? Explain. Analyze the impact of an increase in the minimum wage from (tie current level to $15 per hour. How would the following be affected? employment of people previously earning less than $15 per hour the unemployment rate of teenagers the availability of on-the-job training for low-skilled workers the demand for high-skilled workers who are good substitutes for low-skilled workers What impact do government grants and loans to college students have on the cost of going to college? Are students the primary beneficiary of these subsidies? Discuss. We should impose a 20 percent luxury tax on expensive automobiles (those with a sales price of $50,000 or more) in order to collect more tax revenue from the wealthy." Will the burden of the proposed tax fall primarily on the wealthy? Why or why not?

Explanation / Answer

Answer 1) The increase in housing demand will on the most part produce a positive effect on the carpenters, plumbers & electricians.
The reason to say this is given below:

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