Examlex
Most societies
Government
A system or group of people governing an organized community, often a state.
Maximum Price
A price ceiling set by a governing body meant to control the maximum price that can be charged for a product or service, often implemented to prevent prices from reaching levels considered too high for consumers to afford.
Equilibrium Price
The price at which the quantity of a good supplied is equal to the quantity of the good demanded.
Price Ceiling
A legal maximum price that can be charged for a good or service, intended to protect consumers.
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