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Under rules of professional conduct, state authorities can discipline professionals for misconduct.
Price Ceiling
A legally imposed limit on how high a price can be charged for a product, service, or resource.
Quantity Demanded
The total amount of a goods or services consumers are willing and able to purchase at a specific price point.
Quantity Supplied
The total amount of a product that producers are willing and able to sell at a given price over a specified period of time.
Nonprice Rationing
Methods of distributing goods or services using criteria other than price, such as queues or rationing cards.
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