100002391

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Page 1 of 4 PARALLEL CLASSES MICROECONOMICS (CLASS 11 &12) CHAPTER- 12 SIMPLE APPLICATIONS OF TOOLS OF DEMAND AND SUPPLY CURVES Words that matter 1. Price ceiling: When ...

Filetype PDF | Posted on 13 Oct 2022 | 2 years ago

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...Page of parallel classes microeconomics class chapter simple applications tools demand and supply curves words that matter price ceiling when the government imposed upper limit on maximum a good or service which is lower than equilibrium called floor minimum may be charged for higher rationing under system certain part consumers met at this are given ration coupons cards to buy an essential commodities from fair shop black market it commodity bought sold fixed by imposes generally necessary items like wheat rice kerosene etc can explained with help diagram in dd curve ss b suppose op very high many individuals they unable afford c as product has intervene impose below level d fixes say there would shortage because exceeds quantity demanded pm while supplied only thus mm i e free excess have raised but control remain unsatisfied though intension was end up creating f meet use g h create problems inferior quality goods difficulty purchasing shops marketing rent another example here renta...

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Posted on: 13 Oct 2022 | 2 years ago
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Filetype: PDF
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