Examlex
Match the person or term with the with the correct description.
-Sonia Sotomayor
Price Floor
A government or regulatory minimum price set above the equilibrium price, preventing the market price from falling below it.
Equilibrium Price
The market price at which the quantity of a good or service supplied is equal to the quantity demanded.
Maximum Price
A price ceiling set by a governing body, above which a particular good or service cannot legally be sold.
Economic Impact
The effect of an event, policy, or market change on the economy, which can include impacts on employment, income levels, and economic growth.
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