Examlex
What is the function of the executive branch of government?
Price Floor
A government- or authority-imposed minimum price that can be charged for a good or service to prevent prices from dropping too low.
Equilibrium Price
The price at which the quantity of a good or service demanded by buyers equals the quantity supplied by sellers.
Rationing Mechanism
A system designed to allocate goods or services among interested users, often used when demand exceeds supply.
Discrimination
The unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or sex.
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