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The destruction of the ozone layer is caused by a chemical reaction between UV light and:
Market Shortage
A situation where the demand for a product exceeds its supply in the market, leading to scarcity.
Equilibrium Price
The price at which the supply of an item equals the demand for it, resulting in no excess supply or demand.
Binding Price Ceiling
A maximum price set by the government below the equilibrium price, leading to shortages as the demand exceeds supply.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price level in a given time period.
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