Since July 1^st 2000, Australian states and territories have paid a cash grant to first home buyers. Considering the supply of housing is less elastic than the demand for housing, the benefits of such a grant will:

Question

Quizplus · Accepted Answer

When the supply of housing is less elastic than the demand, sellers can capture more of the benefit from the grant because they can raise prices, knowing that buyers have additional funds.

Since July 1st 2000, Australian States and Territories Have Paid

Since July 1^st 2000, Australian States and Territories Have Paid