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Pricing, quantity, and welfare effects of a binding price ceiling. There is a substantial body of research showing that under some circumstances price ceilings can, paradoxically, lead to higher prices. The leading explanation is that price ceilings serve to coordinate collusion among suppliers who would otherwise compete on price.
More loosely, "rent control" describes several types of price control: "strict price ceilings", also known as "rent freeze" systems, or "absolute" or "first generation" rent controls, in which no increases in rent are allowed at all (rent is typically frozen at the rate existing when the law was enacted);
A related government intervention to price floor, which is also a price control, is the price ceiling; it sets the maximum price that can legally be charged for a good or service, with a common example being rent control. A price ceiling is a price control, or limit, on how high a price is charged for a product, commodity, or service.
An ineffective, non-binding price floor, below equilibrium price. A price floor could be set below the free-market equilibrium price. In the first graph at right, the dashed green line represents a price floor set below the free-market price. In this case, the floor has no practical effect.
Non-binding. SVG development ... Removed stroke covered by price ceiling. Added switches for translation, along with spanish translation. ... 350×350 (14,170 bytes ...
Bolded and enlarged (to 12px) axis labels to match binding-File:Binding-price-ceiling.svg: 07:26, 11 October 2011: 350 × 350 (5 KB) Trlkly: Fixed cropping problem. Changed font to 11px DejaVu Sans and moved text around. 03:49, 11 December 2006: 350 × 350 (8 KB) Yuyudevil (del) (cur) 06:47, 30 November 2006 . .
Tamper-resistant switches (or tamper-proof switches) are types of vandal-resistant switches which are not intended to be operated except by authorized users. They may control special functions, such as auditing of voting machines , operation of power tools or equipment, enabling of security alarm systems (e.g., arming and disarming), or ...
Term sheets are very similar to "letters of intent" (LOI) in that they are both preliminary, mostly non-binding documents meant to record two or more parties' intentions to enter into a future agreement based on specified (but incomplete or preliminary) terms. The difference between the two is slight and mostly a matter of style: an LOI is ...