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1.Ignoring the issue of fraudulent use of the credit, what can we deduce about the elasticity of demand for houses?

2.Do you think the credit is a good use of fiscal dollars?

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Credit as a good use of fiscal dollar is considered.

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Hi,

Answer:
1. Here we can found out that, the elasticity of demand in the housing sector is mainly driven by the tax credit offered by the government. The demand in the housing sector has two points one is the fall in price and the other is the tax credit. The first time buyers are lured to by homes due ...

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  • MBA, Indian Institute of Finance
  • Bsc, Madras University
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