Examlex
Imagine that you are dividing terms in a list into groups and leaving white space between the clusters so that you can visualize each group in your mind. What activity are you doing?
Price Ceiling
A legal maximum price that can be charged for a good or service, intended to protect consumers from excessive prices.
Price Ceiling
A legal maximum price for a good or service, above which it cannot be sold, typically set by government to protect consumers.
Shortage/Surplus
A state in the market where the demand for goods exceeds the supply, leading to a shortage, or where the supply surpasses demand, resulting in a surplus.
Price Floor
A government- or group-imposed limit on how low a price can be charged for a product, intended to prevent prices from dropping too low.
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