In a Free Market, when a product is in disequilibrium in the short term, what will happen next?
The government will set price limits
The pricing will find equilibrium
There will only be supply of the product
It will stay at this price

What is a shortage? *
Quantity Demanded is greater than Quantity Supplied
Quantity Supplied is greater than Quantity Demanded
Demand is greater than Supply
Supply is greater than Demand

What is a surplus? *
Quantity Demanded is greater than Quantity Supplied
Quantity Supplied is greater than Quantity Demanded
Demand is greater than Supply
Supply is greater than Demand

What is Rent Control an example of? *
Shortage
Surplus
Demand
Supply

What is Minimum Wage an example of?
Shortage
Surplus
Demand
Supply

What does this graph illustrate? *
Captionless Image
Shortage
Surplus
Demand Shift
Supply Shift

What does this graph illustrate? *
Captionless Image
Shortage
Surplus
Demand Shift
Supply Shift