Examlex
Which of the following is an example of state innovations adopted by many states and also known as policy diffusion?
Surplus
A situation where the quantity of a product or service supplied exceeds the quantity demanded at the current price.
Maximum Price
A price ceiling set by the government or another regulatory body, beyond which prices cannot legally rise for essential goods or services.
Economic Impact
The effect of an event, policy, or market change on the economy, which can be measured in terms of changes in employment, GDP, or other economic indicators.
Apartments
Living spaces within a building or complex, typically rented, that provide residential accommodation.
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