Examlex
What are examples of health policies enacted by a weak government?
Price Ceiling
A legally established maximum price that can be charged for a good or service, preventing prices from reaching equilibrium levels.
Surplus
A situation where the quantity of a product supplied exceeds the quantity demanded, often resulting in a decrease in prices.
Shortage
A shortage occurs when the demand for a product exceeds the supply of that product at a specific price.
Price Floor
A government-imposed minimum price charged for a commodity, aimed at preventing prices from falling too low.
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