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What is the correct classification of the following compound? CH3-O-CH3
Market Price
The ongoing rate at which an asset or service is being offered for buying or selling.
Shortage
An instance where the desire for a good or service outstrips its availability at a given price.
Price Floor
A government or regulatory imposed minimum price set above the equilibrium price, preventing market prices from falling below a certain level.
Price Ceiling
A legally established maximum price that can be charged for a good or service, usually set by the government.
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