Examlex
How did Germany change its university system to accelerate its rise in industrialization?
Price Ceiling
A legal maximum price that can be charged for a good or service, above which it cannot rise.
Surplus
The situation in which the quantity of a good supplied is greater than the quantity demanded at the current price.
Price Ceiling
A legally imposed maximum price on goods or services, intended to prevent prices from rising too high.
Equilibrium Price
The market price where the quantity of goods supplied is equal to the quantity of goods demanded.
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