Examlex
Thin,broad bones should be classified as:
Ceiling Prices
Maximum prices set by the government on certain goods and services to prevent excessive pricing during shortages or inflationary periods.
Rationing Function
The ability of market prices to distribute scarce goods and services among consumers based on willingness and ability to pay.
Marginal Utility
Marginal utility is the additional satisfaction or benefit gained from consuming one more unit of a good or service, which tends to decrease as more units are consumed.
Individual Demand
This refers to the quantity of a good or service that a single consumer is willing and able to purchase at various prices, holding other factors constant.
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