Rentberry Argumentative Essay

3. As shown in Q2. trade changes total surplus in assessment to before trade, as consumer surplus reduces after fronting a loss of resources or search costs and producer surplus rises after by beginning to legally rent out houses at a price higher than the government set price ceiling through the black market. As well as the deadweight loss which has been created due to the inefficient quantity of houses yet the demand remaining constant as the population is continues rising. Australia and many other nations gain from trade, as it underwrites to higher GDP rates by permitting national businesses access to inexpensive raw materials, announcing technology, and nurturing friendly competition and novelty.

4. Supposing Rentberry launches in MQ, there are positive and negative impacts of this app on society. On one hand the efficiency is improved as the app includes the ability to save money and time by searching for the most appropriate rental housing and cutting search costs. This results in increased consumer surplus, as they don 't spend time looking for other alternatives and find the housing that suits their needs immediately. However, the downside is that this app may be ‘unfair’ to those on lower incomes, as it is those who are willing to offer a ‘bit extra’ to secure a property, were the real winners.

5. The Rentberry app

Policy makers face many dilemmas by imposing the tax on unhealthy foods. The main advantage of levying the tax is people resorting to not purchasing these foods due to the high social cost of obesity and diabetes. This not only reduces disease in the society but also encourages healthier diets while raising revenue for the government which can be utilised to counteract other taxes. Disadvantages of imposing tariffs on junk foods lies in the decision on which foods actually deserve taxes, seeing as many foods can contribute to weight gain and disease if consumed in sufficient quantities, as well as producers going out of