Relier Pairs Supply Meets Demand Vocab GameVersion en ligne Supply Meets Demand Vocab Game par Julianna Luciano 1 Surplus 2 Price Floor 3 Equilibrium 4 Shortage 5 Price Ceiling 6 Price Controls Laws passed by the government that require minimum or maximum prices Government policy that limits the minimum price of certain goods to support suppliers When quantity demanded is less than quantity supplied Point on a supply and demand graph where the curves meet. At this price, all of the products that are supplied will be purchased. Also called the market clearing price Government policy that limits the maximum price of certain goods to support consumers When quantity demanded is greater than quantity supplied
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