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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.
explain in detail the priciple of the reaction
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The electronic configuration of chromium is: (1) [Ne]3s 2 , 3p 6 , 3d 4 , 4s 2 , (2) [Ne]3s 2 , 3p 5 , 3d 4 , 4s 1 , (3) [Ne]3s 2 , 3p 6 , 4s 2 ,
Q. Determine the fat content in the given sample of milk? After undertaking this activity, you will be able to: • explain the technique of determination of the total fat c
Q. Explain Specific Heat and caluclate amount of heat transferred? Ans. The amount of heat transferred to a substance depends on three things: a) amount of the substance
give the mechanism of additin of HCN to acetaldehyde?????
why ionisation energy of aluminium is greater then Ga?
Common or trivial names of some organic compounds Compound Common name Compound Common name CH 4 Methane
Q. Evaluation of milk samples? Milk is one of the most common articles of food throughout the world. It is regarded as a complete food. Why? Simply, because it contains protein
Which one of the following compound is ionic: (1) KCl (2) CH 4 (3) Diamond (4) H 2 Ans: KCl
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