(Figure: Understanding Price Ceilings and Floors) In the graph, if the government sets a price of $25, this is an example of an: 
Definitions:
Compa-ratio
A metric that compares an individual's salary to the midpoint of the market or company pay scale, indicating how closely the company aligns with market rates.
Pay Range
The spectrum of compensation an employer is willing to offer for a position, reflecting minimum and maximum potential earnings.
85th Percentile
A statistical measure indicating that 85% of a given population scores below a particular point, often used in compensation to set wages above market rates to attract top talent.
Total Compensation
The complete pay package for employees, including base salary, bonuses, benefits, and any form of long-term incentives or rewards.
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