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Febreeze is an odor-controlling spray that is manufactured by Procter & Gamble.When Febreeze was introduced,a few people in an Internet chat room stated that the product was harmful to house pets.Though untrue,unfortunately the rumor spread.If P&G had not been convinced it would be a very successful product,it would have dropped Febreeze from its P&G product line as a result of
Permanent Shortage
A sustained situation where the demand for a good or service persistently exceeds its supply, often due to fixed or limited quantities.
Price System
Mechanism that allocates resources, goods, and services based on supply and demand.
Price Ceilings
Price ceilings are regulatory measures that set a maximum price that can be charged for certain goods or services, with the goal of ensuring affordability.
Price Floors
Minimum prices set by the government for certain goods and services, aimed at preventing prices from dropping too low.
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