Examlex
Describe the effect of obesity on the development of gestational and type 2 diabetes.
Shortage/Surplus
A market condition where the quantity demanded is greater/smaller than the quantity supplied, leading to a scarcity/excess of goods.
Price Ceiling
A legally imposed maximum price on goods or services, preventing prices from rising above a certain level.
Shortage/Surplus
A situation where the quantity of a good demanded exceeds the quantity supplied (shortage) or the quantity supplied exceeds the quantity demanded (surplus).
Price Ceiling
A cap set by the government on the maximum price that can be asked for a good, service, or commodity.
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