Examlex
A binding price ceiling will cause a persistent _____,and a binding price floor will cause a persistent _____.
Exhaustible Resource
A natural resource, such as oil or coal, that has a finite supply and can be depleted if used unsustainably.
User Cost
The cost of using a product or service, taking into account factors such as depreciation, wear and tear, and opportunity cost of using the asset rather than investing the money elsewhere.
Depletable Resource
A natural resource that can be diminished by use, such as fossil fuels or minerals, which are not renewable over short time spans.
User Cost
The cost of using a good or service, including the actual price paid and other sacrifices (like time or effort).
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