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Graph 4-2
-According to Graph 4-2, a binding price ceiling would exist at:
Case Law
Law established by previous court decisions and based on precedent rather than statutes.
U.S. Constitution
The foundational document of the United States, establishing the framework of the federal government and outlining citizens' rights.
Controlling Precedents
Judicial decisions of higher courts that lower courts must follow when similar issues are presented in litigation.
Binding Authorities
Legal precedents or decisions by higher courts that lower courts are obliged to follow in similar cases.
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