Examlex
Which of the following terms describes an accumulation of rocky,sandy,or clayey material deposited at the end of a glacier?
Price Floor
A government or group-imposed limit on how low a price can be charged for a product, usually above the equilibrium price, to protect producers.
Price Ceiling
A government-imposed limit on how high a price can be charged for a product, service, or commodity, intended to protect consumers from high prices.
Equilibrium
A state in a market where supply equals demand, with the selling price of goods remaining constant as long as other variables remain unchanged.
Price Floor
A government-imposed minimum price below which a certain good cannot be sold.
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