Examlex
In addition to knowing more about the products,services,manufacturers,and retailers,Internet users know more about prices.These consumers are becoming more
Price Ceilings
Regulatory limits on the maximum price that can be charged for a good or service, intended to protect consumers from extreme prices.
Price Floors
Legislation that sets the minimum price that can be charged for goods and services.
Market Equilibrium
A situation in a market where the quantity supplied equals the quantity demanded, often corresponding to an equilibrium price.
Price Ceiling
A maximum limit set by the government on the price of a good or service, intended to protect consumers.
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