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Harmed by Vouchers? Suppose that the poor households of city Spillover are enrolled in a voucher program. You are a middle-income renter in the city. a. You will be [helped, harmed] by the voucher program because… b. The help or harm from a voucher program will be relatively large if the elasticity of is relatively [large, small]. c. How would your answer to ( a ) change if you owned your home?
Chapter 15, Problem 5(choose chapter or problem)
Harmed by Vouchers?
Suppose that the poor households of city Spillover are enrolled in a voucher program. You are a middle-income renter in the city.
a. You will be [helped, harmed] by the voucher program because…
b. The help or harm from a voucher program will be relatively large if the elasticity of _______is relatively [large, small].
c. How would your answer to ( a ) change if you owned your home?
Questions & Answers
QUESTION:
Harmed by Vouchers?
Suppose that the poor households of city Spillover are enrolled in a voucher program. You are a middle-income renter in the city.
a. You will be [helped, harmed] by the voucher program because…
b. The help or harm from a voucher program will be relatively large if the elasticity of _______is relatively [large, small].
c. How would your answer to ( a ) change if you owned your home?
ANSWER:Step 1 of 4
Vouchers are provided to low-income households that are redeemable for housing. Vouchers help raise housing consumption, providing more options to the households using them. However, in a society with different groups, they increase the demand for moderate-quality housing, increasing its price. Simultaneously, they reduce the supply of medium-quality housing, raising their price.