Examlex
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Price Ceiling
A legally established maximum price that can be charged for a product or service, often set by government to prevent prices from reaching excessively high levels.
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers is equal to the quantity supplied by producers, resulting in a state of balance.
Surplus
The situation in which the quantity supplied of a good exceeds the quantity demanded, often leading to a decrease in prices.
Government Programs
Initiatives launched by the government aimed at achieving specific policy outcomes, ranging from social welfare to economic stimulation.
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