Examlex
The states' police powers are subject to a balancing test.
Rent Controls
Government-imposed laws that limit the rent landlords can charge tenants, aiming to keep housing affordable.
Equitable Way
Equitable way refers to a manner or approach that is fair, impartial, and just, ensuring equal treatment and opportunities for all involved parties.
Binding Price Floor
A minimum price set by the government above the equilibrium price, causing a surplus of the product in the market.
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers.
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