JA Chp. 5 Word Scramble
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| Question | Answer |
| The price at which the amount supplied is equal to the amount demanded. Equilibrium | market-clearing price or equilibrium |
| A price set below equilibrium by the government | price ceiling |
| A price set above equilibrium by the government | price floor |
| Distributing or allocating a product by a price system. | rationing |
| The difference between the amount supplied and the amount demanded when the asking price is less than a market-clearing price. | shortage |
| The difference between the amount supplied and the amount demanded when the asking price is greater than a market-clearing price. | surplus |
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