| A | B |
|---|
| PRICE | THE MONETARY VALUE OF A PRODUCT AS ESTABLISHED BY SUPPLY AND DEMAND |
| RATIONING | A SYSTEM UNDER WHICH AN AGENCY SUCH AS GOVERNMENT DECIDES EVERYONE'S "FAIR" SHARE |
| RATION CUPON | A TICKET OR RECIPT THAT ENTITILES THE HOLDER TO OBTAIN A CERTAIN AMOUNT OF A PRODUCT |
| REBATE | A PARTIAL REFUND OF THE ORIGINAL PRICE |
| ECONOMIC MODLE | A SET OF ASSUMPTIONS AND/ OR RELATIONSHIPS THAT CAN BE LISTED IN A TABEL, ILLUSTRATED WITH A GRAPH, OR EVEN STATED ALGEBRAICALLY |
| MARKET EQUILLIBRIUM | A SITUATION IN WHICH PRICES ARE RELATIVELY STABLE, AND THE QUANTIT OFGOODS AND SERVICES SUPPLIED IS EQUAL TO THE QUANTITY DEMANDED |
| SURPLUS | A SITUATION IN WHICH THE QUANTITY SUPPLIED IS GREATER THAN THE QUANTITY DEMANDED AT A GIVEN PROCE |
| SHORTAGE | A SITUTATION IN WHICH THE QUANTITY DEMANDED IS GREATER THAN THE QUANTITY SUPPLED AT A GIVEN PRICE |
| EQUILIBRIUM PRICE | THE PRICE THAT "CLEARS THE MARKET" BY LEAVING NEITHER A SURPLUS NOR A SHORTAGE AT THE END OF THE TRADING PERIOD |
| PRICE CEILING | A MAXIMUM LEGAL PRICE THATCAN BE CHARGED FOR A PRODUCT |
| MINIMUM WAGE | THE LOWEST LEGAL PRICE THAT CAN BE PAID TO MOST WORKERS |
| PRICE FLOOR | LOWEST LEGAL PRICE THAT CAN BE PAID FOR A GODD OR SERVICE |
| TARGET PRICE | A PRICE FLOOR FOR FARM PRODUCTS |
| NONRECOURSE LOAN | A LOAN THAT CARRIES NEITHER A PENALTY NOR FURTHER OBLIGATION TO REPAY IF NOT PAID BACK |
| DEFICIENCY PAYMENT | A CHECK SENT TO PRODUCERS THAT MAKES UP THE DIFFERENCE BETWEEN THE ACTUAL MARKET PRICE AND THE TARGET PRICE |
