Econ Chapter 6
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show | market equilibrium
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the price at which the quantity demanded equals the quantity supplied | show 🗑
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show | budget surplus
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show | shortage
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a situation in which quantity supplied and quantity demanded are not in balance | show 🗑
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show | competitive pricing
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a benefit offered to encourage people to act in a certain way | show 🗑
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an established maximum price that sellers may charge for a product | show 🗑
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an established minimum price that buyers must pay for a product | show 🗑
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show | minimum wage
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show | rationing
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the illegal business of buying or selling goods or services in violation of price controls or rationing | show 🗑
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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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