Follow the directions in yellow highlights – delete the highlighted areas or highlights after completing. No highlights should remain after completing the document
Save the document using the following convention: LastName ECON195 ePortfolio
Thersa A. Gass-Williams
Bryant & Stratton College
ECON195 – Macroeconomics
Instructor M. Stankowski
June 29, 2024
Scenario 1 Findings and Analysis
To: Audit Department
From: Theres A. Gass-Williams
Date: June 29, 2024
RE: Maintenance Cost Explanation
Insert Part D Excel chart here.
In paragraph format, prepare a brief document to the corporate audit department that explains the increase in repair costs using the construction screw costs as an example. Incorporate the following prompts in your document.
- Part B: Identify and explain the impact on equilibrium when demand increased.
- Identify the relevant non-price determinants of demand that could cause demand to increase.
- Part C: Identify and explain the impact on equilibrium when supply decreases.
- Identify the relevant non-price determinants of supply that could cause supply to decrease.
- Part D: Briefly discuss what the final market equilibrium means to consumers.
Scenario 2 Findings and Analysis
To: Office of the Mayor
From: Theresa A. Gass-Williams
Date: June 29, 2024
RE: Impact of Rental Control
Insert completed Price Ceiling Excel chart here.
In paragraph format, prepare a brief document to the mayor about the impact of imposing rent control. Incorporate the following prompts in your document.
- Evaluate the market impact that resulted from the price ceiling imposed by the local government.
- Identify and explain some unintended consequences that could result from the government’s market intervention.,
- Recommend and explain two other alternative actions that the government might undertake, other than rent control, to make rental units affordable.
