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Price ceiling problems:The persistent shortage created by price ceiling will in turn pose the following problems: RationingGovernment may have to apportion the quantity supplied of OQs among buyers who want to consume a greater amount of OQd. This may be done through the issue of coupons which must be surrendered together with cash, to obtain the good. QueuingWhenever the good is available people will form long queues for it. The queues may be physical lines of people outside suppliers' shops typically in the case of essential commodities like drugs, bread, milk, etc. Or tall waiting lists in the case of consumer durables such as cars, television sets, government flats/houses, etc. Black (Parallel) MarketBlack or parallel markets in which the good will be illegally sold and brought will spring up. In these illegal markets the price at which the good will be sold will even be higher than the equilibrium price. Selling at Sellers' PreferenceSellers may choose several ways to sell the god-first come, first-serve, selling to relatives and friends first, etc Random AllocationThis is selling by luck or chance. This may defeat the aim of setting the maximum price to ensure that the poor as well as the rich get the good. Selling may to all rich, or all poor.
The kinetic theory of gases: The gas laws were empirically developed from experimental observations. The kinetic theory of gases assumes that the molecules or atoms of a gas
The combustion of propane occurs via the reaction: C3H8(g)+5O2(g)-->3C02(g)+4H2O(g) Hoe many grams of oxygen are required to burn completely 10.0g of propane?
The Calorie, used to express food heat values, is similar as a kilocalorie of heat energy . If you eat a chocolate bar from the United States with 600 Calories of food energy, how
What are laws of crystallography?How it helps us in the study of crystal structure
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what is the advantag of reversible reaction?
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Biomolecules All living bodies are made up of various lifeless substances that are availabe in their cells in a extremely complex but highly organized form. These are known as
CALCULATE THE MOMENTUM OF APARTICLEWHICH HAS WAVELENGTH OF 2A
what techniques can you use to separate solute from liquid
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