| A | B |
|---|
| Government may hold down the price of apartments with | rent control |
| Inequality between quantities supplied and demanded results in market | disequilibrium |
| Problem created when quantity supplied exceeds demand is excess | supply |
| Government-imposed maximum charge for a good is a(n) | price ceiling |
| Quantities supplied in excess of quantities demanded result in a(n) | surplus |
| Government-imposed minimum for a good or service is a(n) | price floor |
| When supply and demand meet at a particular price, the market is said to be at | equilibrium |
| Quantities demanded in excess of quantities supplied create a(n) | shortage |
| Dividing up scarce goods and services without concern for prices defines | rationing |
| Economists call a sudden shortage of goods | supply shock |
| Problem created when quantity demanded exceeds supply is excess | demand |
