Examlex
Several strategies exist for managing the supply and demand of services. List the strategies for managing each and give an example of each strategy.
Price Ceiling
A government-imposed limit on the price charged for a product, intended to prevent the price from rising to a certain level.
Maximum Price
A price ceiling set by a government or regulatory body, above which a particular good or service cannot be sold.
Government
The governing body of a nation, state, or community which is responsible for making and enforcing laws and managing public resources and affairs.
Rationing Mechanism
a system or policy by which scarce goods or services are distributed.
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