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Equilibrium Price
The market price where the quantity of goods supplied is equal to the quantity of goods demanded.
Price Ceiling
A government-imposed limit on how high a price is charged for a product, commodity, or service.
Equilibrium Price
The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in a stable market condition.
Price Ceiling
A legal maximum price that can be charged for a good or service, intended to protect consumers from high prices.
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