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The World Cup of 1994 was held in the USA. People from all
over the world went to the US to watch the matches
(a) The Final Match was held in Los Angeles. The rental
accommodation in that city was fixed in supply. Due to the high
demand, many disappointed football fans could not rent an
accommodation unit because the rental price was not high
enough.
(i) Draw a well-labelled supply-demand diagram to show the above
situation.
(2 marks)
1994年世界盃足球賽在美國舉行。人們從世界各地
赴美觀看球賽。
(a) 決賽在洛杉磯舉行,該城市出租住宿單位的供應是
固定的。由於需求大,而且租金未夠高,很多失望
的球迷租不到這些住宿單位。
(i) 繪一充分標注的供需圖以顯示上述情況。(2分)
P
Pe= equilibrium price
(均衡價格)
S
P= reantal price (租
金價格)
Pe
P
Shortage (短缺)
Q1
Qd
D
Q
(ii) If the rental price had been raised to a level where
the demand had met the fixed supply, how would
the rental income of the accommodation owners
be different from that in (a) (i)? Explain with the
aid of a diagram. (5 marks)
(ii) 若租金價格被提高至需求與固定供應吻合的水
平,則這些住宿單位的租金收入與(a)(i)時的有
何不同?以圖輔助,解釋你的答案。 (5分)
P
S
Price increases to the equilibrium
level Pe.
No change in quantity.
Pe
P
Rental income increases from
PQ1 to PeQ1
Increase in
rental income
D
original
rental
income
Q1
Qd
Q
P
S
25
20
18
10
0
D
Qd
=1
Qs
Q
P
S
40
Shortage
25
20
18
10
0
D
Q