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What are forms of price ceiling to lead inefficiency?
Price ceilings frequently lead to inefficiency into the forms of:
a. Ineffective allocation to consumers
b. Wasted resources
c. Unproductively low quality
They also generate black markets.
Define the term- inflation Inflation between two points in time is defined as the percentage increase of price index between these two points in time.
The annual fixed cost for a light fixture manufacturing company are $38,000, and the variable costs are $40 per unit. If the selling price per unit is p = 485 - 1.395X, what is the
TRADE AND DEVELOPMENT: In the earlier Units of this block, you have learnt about the trade policy from historical perspective and the recent shift in policy during nineties. Y
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