Examlex
Whether a law is constitutional depends on its source.
Equilibrium Price
The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in market balance.
Equilibrium Quantity
The amount of products or services available and sought after at the equilibrium price, a point where the supply and demand in the market equalize.
Price Ceilings
Government-imposed limits on how high a price can be charged for a product or service.
Market Equilibrium
The condition in which market supply equals market demand, such that prices become stable.
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