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