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Name Three Landmark Propositions (Initiatives)passed in California After 1965;use the Proposition

question 59

Essay

Name three landmark propositions (initiatives)passed in California after 1965;use the proposition number and give a short title or description.


Definitions:

Price Ceilings

Regulatory limits on the maximum price that can be charged for a good or service, intended to protect consumers from extreme prices.

Price Floors

Legislation that sets the minimum price that can be charged for goods and services.

Market Equilibrium

A situation in a market where the quantity supplied equals the quantity demanded, often corresponding to an equilibrium price.

Price Ceiling

A maximum limit set by the government on the price of a good or service, intended to protect consumers.

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