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How do you edit the content of a building block?
Binding Price Floor
A government-imposed price control set above the equilibrium price, causing a surplus by preventing the price from falling to its natural level.
Hybrid Cars
Vehicles powered by a combination of an internal combustion engine and one or more electric motors, using less fuel than conventional vehicles.
Deadweight Loss
A loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved.
Minimum Wage
A legally established lower limit on the wage that employers can pay their workers.
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