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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.
Reaction of nickel cadmium storage cell charging #Minimum 100 words accepted#
what are the applications of coulumetry ?
Physical properties of Succinic Acid (a) Succinic Acid is a white crystalline solid. It melts at 188° C (b) Succinic Acid is less soluble in water. It is comparatively more
define borazine
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which kind Acid &Basic radical present in this?
Phenol (Carbolic acid), C 6 H 5 OH or Hydroxy benzene It was observed by Runge in the middle oil fraction of coal-tar distillation and termed it 'carbolic acid' (carbo = coal, o
does the nature of the anode rays depend upon the nature of the discharge tube and the nature of the electrode?
Chemical properties of Tri-halides - Oxidation Phosgene is very poisonous gas. To use chloroform as an anaesthetic agent, it is required to save the reaction. The specified tw
Discuss about the term - Photolithography Photolithography (also known as optical lithography), which is one of the kinds of lithography is a process used in micro fabrication
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