study material for economics vocab CH 6 - Ponder
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| shortage | show 🗑
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| deficiency payment | show 🗑
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| show | monetary value of a product
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| show | quantity supplied is greater than quantity demanded at a given price
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| equilibrium price | show 🗑
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| show | ticket that entitles the holder to a certain amount of a product
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| target price | show 🗑
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| show | maximum legal price that can be charged for a product
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| rationing | show 🗑
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| price floor | show 🗑
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| rebate | show 🗑
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| show | where these occur, resources slowly shift to other markets where equilibrium prices prevail
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| show | price that "clears the market"
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| surplus | show 🗑
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| show | condition that leaves suppliers wishing they had more product to sell
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
breckart2
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