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Match the Term with the Definition

question 34

Multiple Choice

Match the term with the definition.
-Manufacturing sites constructed along the Merrimack River in Massachusetts that pioneered the extensive use of female laborers. By 1836, they employed more than five thousand young women, living in boardinghouses under close supervision.


Definitions:

Quantity Demanded

The quantity of a product or service buyers are prepared and capable of buying at a specific price.

Quantity Supplied

This term refers to the total amount of goods that sellers are ready to sell in the market at a certain price point, within a defined time frame.

Price Ceiling

A legal maximum price that can be charged for a good or service, aimed at preventing prices from becoming too high.

Rent Control Program

Government policies that limit the amount landlords can charge for rent to make housing more affordable for tenants.

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