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Yogita Ingle 6 years, 4 months ago
Clean India mission increases the cleaniness of the nation which reduces the number of people falling sick. This will increase the efficiency of the people to work and increases potential of the production process. Therefore PP curve will shift towards right.
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Yogita Ingle 6 years, 4 months ago
For certain goods and services, Government, sets minimum price. This minimum price is called minimum price ceiling.
This price is normally set at a level higher than the equilibrium price. This leads to axcess supply. Since producers are not able to sell all they want to sell, they illegally sell the good or service below the minimum price.
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