Word Bank Equilibrium Law of Demand Law of Supply Minimum Wage
Price Ceiling Price Floor Rationing Rent Control Shortage Surplus

21) refers to an excess supply.
22) is the minimum amount that may be legally charged for a good or a service.
23) is the point at which the demand curve and the supply curve intersect.
24) , when it is raised, may improve living standards but may also increase unemployment.
25) refers to an excess demand.
26) was initiated during World War II in response to a housing crisis in some major U. S. cities.
27) states that producers will offer more goods and services at higher prices and less at lower prices.
28) guarantees that each person will receive a designated share of a particular good or service
29) is the maximum amount that may be legally charged for a good or service.
30) states that consumers will buy less of a good or service when the price increases and more when the price decreases.