Examlex
Fibers used in making rope are ________ fibers.
Price Floor
A government-imposed minimum price set above the equilibrium price, intended to ensure fair conditions for producers.
Minimum Price
A price floor set by the government or a body, below which the product cannot be sold, aimed at protecting producers or farmers.
Government
is the system or group of people governing an organized community, often a state, which creates and enforces laws, regulates economic and social policies, and provides public services.
Price Ceiling
A government-imposed limit on how high a price can be charged for a product, service, or resource, intended to prevent prices from reaching levels thought to be unfair or unaffordable.
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