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David has a history of mental illness, and he has just attempted suicide.His roommate found him unconscious and called 911.David spent time in the hospital recovering from his self-inflicted wounds; during this time a mental health professional determined that David still remained a danger to himself and needed treatment.A court order was obtained and David was admitted to a mental health facility.What kind of commitment is this?
Effective Price Floor
A government-imposed price control above the equilibrium price, intended to ensure producers receive a minimum price higher than what the market would naturally dictate.
Surplus
A scenario in which the supply of a particular good or service surpasses its demand at the existing market price.
Price Controls
Government-imposed limits on the prices that can be charged for goods and services in the market.
Rental Housing Market
The segment of the real estate market that involves the leasing or renting of property for residential purposes.
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