(Figure: Understanding Price Ceilings and Floors) In the graph, if the government sets a price of $25, this is an example of an effective price ceiling. 
Definitions:
Virtue
An attribute or property that is seen as embodying moral excellence, hence, it is regarded as an essential basis for a morally upright individual.
Final Stage
The last phase in a process or lifecycle, signifying the conclusion or culmination of preceding stages.
Family-focused Lifestyle
A way of life that prioritizes family relationships and activities, emphasizing the importance of spending time together and supporting each other.
Balanced Investment
An investment strategy that aims to balance risk and return by diversifying assets across different classes such as stocks, bonds, and cash.
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