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Describe three ways in which a named constant differs from a variable.
Price Control
Government-imposed limits on the price charged for commodities and services in an effort to curb inflation or ensure affordability.
Public's Need
Refers to the essential goods, services, and conditions necessary for the well-being of a community or population.
Equilibrium Price
The cost point where the amount of a product or service that buyers want to purchase is the same as the amount sellers are willing to offer, creating a balanced market situation.
Price Ceiling
A restriction enforced by authorities on the top price allowable for goods, services, or resources.
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