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The Edict on Maximum Prices (Latin: Edictum de Pretiis Rerum Venalium, "Edict Concerning the Sale Price of Goods"; also known as the Edict on Prices or the Edict of Diocletian) was issued in 301 AD by Diocletian. The document denounces greed and sets maximum prices and wages for all important articles and services.
Buyers have a maximum price they are willing to pay for an item, and sellers have a minimum price at which they are willing to offer their product. The point at which the supply and demand curves meet is the equilibrium price of the good and quantity demanded.
Mary Violet Leontyne Price (/ l i ˈ ɒ n t iː n, ˈ l iː ə n t iː n / lee-ON-teen, LEE-ən-teen; born February 10, 1927) is an American spinto soprano who was the first African-American soprano to receive international acclaim. [1] From 1961 she began a long association with the Metropolitan Opera.
Connor Price (born 11 November 1994) is a Canadian actor, rapper, and internet personality. Beginning his career as a child actor and going into music, he is best known for his viral "Spin the Globe" series featuring artists from multiple countries around the world.
However bride prices were sent in secret during the Cultural Revolution following a public discouragement on bride price, which was seen as a feudalist legacy. [19] Since Deng's reform, bride prices vary from CN¥ 1,000,000 in famously money-centric [20] [21] Shanghai [22] [23] to as little as CN¥ 10,000.
A limit price is the price set by a monopolist to discourage economic entry into a market. The limit price is the price that the entrant would face upon entering as long as the incumbent firm did not decrease output. The limit price is often lower than the average cost of production or just low enough to make entering not profitable.
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