Examlex
The authors of the textbook state that people often develop "distaste for things they cannot afford." Explain what the authors mean and how this relates to the racialization of art worlds.
Market for Apartments
The economic interaction of supply and demand determining the rental prices and availability of apartment units.
Black Markets
Illegal trading of goods and services that occurs outside of officially sanctioned channels, often due to laws or regulations.
Price Controls
Legal restrictions on how high or low a market price may go.
Binding Price Ceiling
A government-imposed limit on the price of a good or service that is below the market equilibrium price, leading to shortages.
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