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Abstract

In an essay on "Justification for Rationing Essential Consumer Goods," Mr. Seyyed M. Mahdavi-Nia ex¬amines demand elasticity for major product categories within the constraints of consumer goods rationing. With the aid of quantitative methods, some of which is his own work, the author presents empirical evidence for a post-war economy where rationing of certain con¬sumer goods can be considered as an effective tool in balancing the supply and demand relationship and curbing runaway inflation.

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