Examlex
A service is first produced and then sold.
Rent Control
A government policy or law that limits the amount landlords can charge for leasing a home or apartment, with the aim to keep housing affordable for tenants.
Housing Shortages
A situation in a housing market where the demand for homes exceeds the supply, leading to increased prices and decreased affordability.
Price Floor
A government- or authority-imposed minimum price that can be charged for a good or service to prevent prices from dropping too low.
Equilibrium Price
The price at which the quantity of a good or service demanded by buyers equals the quantity supplied by sellers.
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