Examlex
Why is Congress no longer viewed as the "first branch"? What developments explain this? Should Congress be given more power to check and balance the powers of the president? Why or why not?
Price Ceiling
A government-imposed limit on how high a price can be charged for a product, service, or commodity, often aimed at protecting consumers.
Shortage
A situation where the demand for a product or service exceeds the supply available at a given price.
Equilibrium Price
The price at which the quantity of a product offered is equal to the quantity of the product in demand.
Government Imposes
Refers to regulations, taxes, or policies that a government enforces or puts into effect in order to manage the country's affairs.
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