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In the infamous anthrax attacks of 2001, several letters were received at the offices of two U.S. senators and various news media outlets. The letters contained dry granular or powdery material. Seventeen people who came into contact with the material from the letters suffered anthrax infections; five more died of anthrax. How could dried-out material cause anthrax?
Quantity Sold
The total number of units of a product or service purchased by consumers over a specific period.
Price Ceiling
A legally established maximum price that can be charged for a good or service, aimed at preventing prices from rising too high.
Creates Shortage
A market condition where the quantity demanded exceeds the quantity supplied at a given price, often due to price controls like price ceilings.
Price Floor
A government-imposed minimum price level for a particular commodity or service, aimed at protecting producers.
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