The Increase in Subsidies and The Price Cap of The Food Price

Taxes and subsidies. Taxes are something that can increase the price paid by the buyers and lower the prices received by the sellers. So when the taxes decrease the quantity produced, it leads to underproduction. Taxes can be incidence with the elastisity if the demand and the supply when the division between buyers and sellers depends on the elasticities of demand and supply. Subsidies are a payment that the government give to the producer which can decrease the prices paid by buyers and increase the prices received by the sellers. Subsidies...

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The Increase of The Supply and Demand Gap of The Gas

            Demand is something that related to what you want, can you afford it or not and do you plan to buy it or notby measured an amoun per unit of time. Demand also reflects to our decision about which we want to satisfy. The quantity demanded of a good or service is the amount that consumer plan to buy during the period at the particular price but it is not necessarily as the sam as the quantity that you actually bought. When the quantity demanded exceeds the amount of goods are available, so the quantity...

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Effects of infinity demand for petroleum.

           PETRONAS started supplying petrol to all Malaysian since 1974 and ever since then, all Malaysian have been able to use cheaper fuel compare to neighbouring country. Fuels are natural resources aging back to centuries and it is a non-renewable resource, furthermore it is used mainly as a power source for most...

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Why do people often face with Blackout?

            In theory, economic should be meant to be a stable market where the supplier supplies products to meet the society demands. Unfortunately, things don’t always go as plan because in the world of economics, things and value are never stable and are always changing. As a result of these, problems such...

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