Examlex
Miranda applies only to custodial interrogations.
Binding Price Floor
A government-imposed price control that sets a minimum price for a good or service above the equilibrium price, leading to excess supply.
Surplus
The excess of production or supply over demand, often leading to lower prices or wasted resources if not managed effectively.
Binding Price Floor
A government-imposed price control or limit on how low a price can be charged for a commodity, set above the equilibrium price, leading to a surplus of the product.
Surplus
A situation where the quantity of a product or service exceeds the quantity demanded, often leading to lower prices or wasted resources.
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