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Price Restrictions
Regulations or limitations placed on the pricing of goods and services, often to control inflation or protect consumers.
Excess Demand
Excess Demand occurs when the quantity demanded of a good or service exceeds its quantity supplied at a particular price.
Government Intervention
Actions taken by a government to influence or directly regulate the economy, markets, or specific industries, often to correct market failures or promote social welfare.
Excess Demand
Occurs when the quantity demanded of a good or service at a given price exceeds the quantity supplied, often leading to a shortage in the market.
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