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The drug Prozac is what kind of a drug?
Minimum Wage Law
Minimum Wage Law is legislation that sets the lowest hourly rate that can be paid to workers, aiming to ensure a minimum standard of living for employees.
Price Floor
A government or group-imposed limit on how low a price can be charged for a product, usually above the equilibrium price, to protect producers.
Price Ceiling
A government-imposed limit on how high a price can be charged for a product, service, or commodity, intended to protect consumers from high prices.
Equilibrium
A state in a market where supply equals demand, with the selling price of goods remaining constant as long as other variables remain unchanged.
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