Examlex
Coal is used to generate about half the nation's electricity.
Price Floor
A price floor set by a government or organization, restricting how minimal the price of a product can be.
Rent-Controlled
Referring to housing for which rent levels are regulated by the government, often to make it more affordable.
Minimum Wage
The lowest legal hourly pay rate that employers can pay their workers.
Binding Price Floor
A minimum price set by the government above the equilibrium price, causing a surplus.
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