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Figure: Price Ceilings and Random Allocation
-(Figure: Price Ceilings and Random Allocation) Refer to the figure. When a controlled price is imposed and the quantity of goods is allocated randomly between the highest valued uses and lowest valued uses, total consumer surplus under random allocation is represented by area:
Cleavage
A property of minerals that describes how they break along certain planes where their atomic bonding is weaker, resulting in smooth, flat surfaces.
Liquid State
A phase of matter characterized by a definite volume but no definite shape, allowing it to flow and take the shape of its container.
Atoms
Atoms are the basic units of matter, consisting of a nucleus surrounded by electrons. They are the fundamental building blocks of chemical elements.
Cleavage
The tendency of a mineral to break along flat, even surfaces as a property of its crystalline structure.
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