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INFORMATIONAL SCENE;Governments also utilize the concept of price elasticity of demand in their taxation policy and they tend to tax commodities within inelastic demand more heavily, for example, cigarettes. Price elasticity of demand is also useful for a government in making devaluation decisions with a view to improving the balance of payments position of a country. A devaluation is likely to assist in improving the balance of payments position if the elasticities of demand for imports and exports are high. (e) Price discrimination is possible under the following conditions: Firstly, where the monopolist is able to keep the various sub-markets separate such that it is not easy to transfer commodities from one sub-market to another. Markets may be separated by distance, for example. Secondly, different groups of consumers should have different elasticities of demand so that a lower price can be charged to consumers with relatively elastic demand and a lower price charged to those with relative elastic demand. Thirdly, price discrimination can only be practiced under conditions of imperfect competition since under competitive conditions perfect knowledge of the market inhibits the charging different prices

OBJECTIVE QUETSIONS

1.why is thepartial (chondral) or full thickness (osteochondral) misleading?

2.concptualize on the fibrocartilage subject to the Articular cartilage lesions

3.justify; Mosaicplasty/Osteochondral Grafting was introduced in the early 1990s.

4.form theAutologous chondrocyte state the responsibilitiesof the defects of the knee.

5. . _____________ are the most widely used stem cell source for articular cartilage regeneration technique.explain

6.show the size of the articular ligament sore in terms of length and width

7.explain how the hyaline can be a contributive factor to the withstand a good amount of pressure.

8.When left untreated, articular cartilage lesions can lead to?

9.what good evidence of the Hepatic sinusoids in influencing hepatic veins do you know?

10.render reflective the statement; The hepatic lobule can be divided into three distinct zones.