Examlex
If price rises, what happens to supply for a product?
Government Quota
A limit set by the government on the quantity of a good that can be produced or imported, often used to protect domestic industries.
Quantity Control
Regulatory measures or policies used to limit the amount of a good or service that is produced or sold in a market.
Medicare Reimbursement
The payments made by the Medicare program to healthcare providers for services rendered to Medicare beneficiaries, based on predetermined rates.
Minimum Wage
The lowest hourly, daily, or monthly remuneration that employers may legally pay to workers, aimed at protecting the earning ability of workers.
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