Econ Chapter 6
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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| black market | show 🗑
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| show | describes any price or quantity not at equilibrium; when quantity supplied is not equal to quantity demanded in the market
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| equilibrium | show 🗑
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| excess demand | show 🗑
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| excess supply | show 🗑
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| Minimum wage | show 🗑
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| show | a maximum price that can legally be charged for a good or service
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| show | a minimum price for a good or service
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| show | a system of allocating scarce goods and services using criteria other than price
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| rent control | show 🗑
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| show | the cost of financial and opportunity costs consumers pay when searching for a good or service
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| show | situation in which quantity demanded is greater than quantity supplied; also known as excess demand
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| spillover costs | show 🗑
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| show | a sudden shortage of a good
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| show | situation in which quantity supplied is greater than quantity demanded; also known as excess supply
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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.
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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:
halvy
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