When I studied the curve of Demand and Supply,
then I came to know how and why we buy
Then comes the curve of maximum Utility,
which tells truth i.e. no Infidelity
Spend all your money till the last cent ,
on good X or Y that's what it represent.
Government also has a say through price control,
that intervention can take quiet a toll
It sets the minimum price i.e. called floor,
through which firms are better off so they'll produce more
Like floor we have a Ceil i.e. the max price,
and doing that might be a good advice
Just don't think that ceiling solves it all,
it can make you feel better but there is a fall
Market has competition and my role is survival,
the last thing a monopoly want is a rival
But no matter how much product a monopoly can sell,
the regulators can still foster a monopoly as well.
The study helped me spend wisely my earning
Thanks a lot!!! The course was a great learning :)
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About The Author:
Raghav Lakhotia is a student of Indian Institute of Management Udaipur.
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