Assignment 1 –Assignment Questions

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Issue:

Miscellaneous

 

Written by:

Lindsey W

 

Date added:

January 14, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1167

 

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3058 times

 

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Essay content:

In our case government introduces a $500 grant that can only be used on installation of rainwater tanks. It is offered as a direct subsidy to the consumer and though it does not increase consumers income or decreases the price of a product “Rainwater tank” it DOES reduce the price paid by the consumer, thereby provides the incentive for more people to install the rainwater tanks, which in its turn increase the consumption and boost the demand for rainwater tanks in the market...
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In our case government introduces a $500 grant that can only be used on installation of rainwater tanks. It is offered as a direct subsidy to the consumer and though it does not increase consumers income or decreases the price of a product “Rainwater tank” it DOES reduce the price paid by the consumer, thereby provides the incentive for more people to install the rainwater tanks, which in its turn increase the consumption and boost the demand for rainwater tanks in the market...
displayed 300 characters

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