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Convert the constraint inequalities and
to equations containing slack variables.
Price Ceiling
A maximum price that sellers may charge for a good, usually set by government.
Government Setting
The environment and conditions created by governmental policies, laws, and regulations.
Price Of Pencils
The amount of money required to purchase a pencil, determined by factors such as production costs, demand, and supply.
Price Ceiling
A government-imposed limit on how high a price can be charged on a product or service, intended to protect consumers from conditions that could make necessary goods unaffordable.
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