Examlex
Which of the following falls within the definition of "place"?
Price Ceiling
A government-imposed limit on how high a price is charged for a product, aimed at protecting consumers from rapid price increases.
Queuing
Waiting in line as a means of distributing goods and services: a nonprice rationing mechanism.
Excess Demand
A situation where the quantity demanded of a good or service exceeds its supply at the current price.
Ration
To distribute or allocate a resource, good, or service in limited amounts, often during shortages or to ensure equitable distribution.
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