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Price Support
Government intervention in a market to maintain the price at a certain level, usually done through the purchase of surplus stock or direct subsidies to producers.
Price Floor
A minimum price, set by law or regulation, that must be paid for a good or service; often implemented to protect producers.
Price Support
Government interventions in the market to maintain the price of a commodity at a certain level.
Demand Curve
A chart that illustrates the link between a product's price and the amount of the product that buyers are prepared and capable of buying at different price levels.
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