Examlex
The Dakota Access Pipeline (DAPL) protests are an example of a movement that is pursuing environmental justice.
Equilibrium Price
The equilibrium price where the supply of goods matches the demand for goods in the market.
Binding Price Ceiling
A legally established maximum price for a good or service that is lower than the equilibrium price, leading to shortages.
Price Floor
A government or regulatory-imposed minimum price below which a good or service cannot legally be sold, intended to protect producers.
Binding Price Floor
A government-imposed price control that sets a minimum price for a good or service, which is above the equilibrium price, causing a surplus.
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