Examlex
An increased preference for Japanese goods in the UK will shift the demand curve for pounds to the right.
Legal Price
The price set by legal authority or regulation, often differing from market-driven prices.
Price Floor
A government or regulatory imposed minimum price above the equilibrium, typically set to protect producers or sectors from too low of prices.
Price Ceiling
A legal maximum price that can be charged for a good or service, above which it cannot rise.
Price Floors
Minimum price levels set by the government for certain goods and services, below which they cannot be sold.
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