Page 5 - Should the government spend $500 million to enhance facilities in country parks and $55 million to enhance hiking trails in country parks?
P. 5
- The quantity demanded for country decreases from 13.2
million in 2010 to 12 million in 2020.
- It tends to decrease in a foreseeable future.
➢ Low attractiveness to tourists
- The main characteristic of Hong Kong people is that they have
busy life with long hours.
- Their time cost of visiting country park is high.
- Country park is not a necessity for them.
- Their demand is inelastic.
➢ With a much larger quantity supplied than quantity
demanded, there is still a serious problem of surplus.
DISAGREEMENT FROM SHAKEHOLDERS
➢ TAXPAYER
- Country parks are common property.
- The maximum willingness for people to pay is limited.
- The extra expenses of the government used on the country
park may shift to people in form of higher tax rate imposed.
- It may cause disagreement of taxpayers.
頁 4
