Examlex
Which of the following statements is FALSE?
Binding Price Ceiling
A government-imposed limit on the price of a good or service that is below the market equilibrium price, leading to shortages.
Hybrid Cars
Vehicles powered by a combination of an internal combustion engine and one or more electric motors, using less fuel and emitting fewer pollutants than traditional cars.
Rent Controls
Government-imposed limitations on the amount landlords can charge for leasing a property.
Equilibrium Price
The price at which the quantity of a good demanded equals the quantity supplied.
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