Examlex
The closed the shop is the most common form of union security.
Market Shortage
A condition in which the quantity demanded of a good exceeds the quantity supplied at the market price.
Binding Price Ceilings
Regulatory limits on the price of goods and services that are set below the market equilibrium price, causing shortages.
Consumers
People or organizations that use economic goods and services for personal, household, or organizational purposes.
Price Ceilings
A legal maximum on the price at which a good can be sold, often set by government.
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