Using the concepts of Community Indifference Curves and Community Budget Lines to represent various income groups (low, mid,high income) in Singapore, discuss the relationships between new public housing (HDB BTO flats), resale public housing (resale HDB flats) and private housing (condominiums/landed property).
Using the concepts of Community Indifference Curves and Community Budget Lines to represent various income groups (low, mid,high income) in Singapore, discuss the relationships between new public housing (HDB BTO flats), resale public housing (resale HDB flats) and private housing (condominiums/landed property).
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter1: Introducing The Economic Way Of Thinking
Section1.A: Applying Graphs To Economics
Problem 1SQP
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Graph drawing and explaination:
Using the concepts of Community Indifference
between new public housing (HDB BTO flats), resale public housing (resale
HDB flats) and private housing (condominiums/landed property).
Assuming high income earner prefer/can afford private housing, and low income earner tend to buy HDB BTO follow up resale HDB flat.
Also explain how are new private and public HDB BTO property prices related to resale property prices?
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