Wednesday, May 2, 2012

Re: [ vuZs.net ] ...2nd Quiz(ECO401)... (correction 2)

Dear shahzad,

you are welcome. 
Flowers accepted & celebrated

Regards

Zubair Hussain
www.vuzs.net



On Wed, May 2, 2012 at 2:50 PM, Shahzad Sadiq <bc100200105@vu.edu.pk> wrote:
Thanks a lot for correction........Zubair bhai.....
I really appreciate your response to my mails......


Flowers for you..........

On Wed, May 2, 2012 at 3:23 PM, Zubair Hussain <zubair@vuzs.net> wrote:
Right Answer: shortage

Due to price ceiling, producers cannot keep the price Rs.2 (like in past)  Now they will loose 1 Rs per tablet compared to past due to new price ceiling.
 So they will produce less, in return Pandol will be short in market. 

You answer  that "demand will decrease" not justified because "
Demand falls if price increase" But
  due to price ceiling they can not increase the price. 



If the equilibrium price of Panadol tablet is Rs.2 and government imposes a Rs.1 price ceiling on the price of Panadol tablet, there will be ________ of Panadol tablet.
Surplus
Shortage
Increase in production
Decrease in demand




Regards

Zubair Hussain
www.vuzs.net



On Wed, May 2, 2012 at 9:36 AM, Shahzad Sadiq <bc100200105@vu.edu.pk> wrote:
Assalam o Alaikum.....Dear Brothers & Sisters

Please find the attachment and reply, if you find any mistake.....

Thanks


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Regards,
 
Shahzad Sadiq
BBA(Hons)
5th Semester
 
...~*Virtual University Of Pakistan*~...

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Regards,
 
Shahzad Sadiq
BBA(Hons)
5th Semester
 
...~*Virtual University Of Pakistan*~...

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