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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 diagnal relationship in periodic table
what is colloid?
During a flame test why is calcium''s flame not persistent, while that of strontium is? Ans) Because it does not have many ions as compared to the Strontium. It is the ions whic
what are the periodicity of periodic properties in d and f block elements?
Aromatic Nitro Compounds Aromatic nitro compounds are the derivatives of aromatic hydrocarbons where one or more hydrogen atom (s) of the benzene nucleus has been changed by ni
what is agar-agar inert electrolyte
why dietry iodine is important in thyroid functioning
Entropy (S) is a molecular 'disorder', or more precisely 'the number of microscopic arrangements of energy possible in a macroscopic sample'. Entropy depends strongly on the state
The triene contains two diene units with one double bond common to both. The dienophile reacts with the diene unit that is locked in an s-cis conformation.
what is basic radical
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