Terms : Hide Images
| 3313857969 | Price | Monetary value of the product as established by supply and demand | 0 | |
| 3313857970 | Rationing | A system under which an agency such as government decides everyone's fair share | 1 | |
| 3313857971 | Ration coupon | A ticket or receipt that entitles the holder to obtain a certain amount of a product | 2 | |
| 3313857972 | Rebate | A partial refund of the original price of the product | 3 | |
| 3313857973 | Price ceiling | A maximum legal price that can be charged for a product | 4 | |
| 3313857974 | Minimum wage | The lowest legal wage that can be paid to most workers | 5 | |
| 3313857975 | Price floor | Lowest legal price that can be paid for a good or service | 6 | |
| 3313857976 | Target price | A price floor for farm products | 7 | |
| 3313857977 | Nonrecourse loan | A loan that carries neither a penalty nor further obligation to repay if not paid back | 8 | |
| 3313857978 | Deficiency payment | A check sent to producers that makes up the difference between the actual market price and the target pricks | 9 | |
| 3313857979 | Economic model | A set of assumptions and or relationships that can be listed in the table illustrated with a graph or even stated algebraically | 10 | |
| 3313857980 | Market equilibrium | A situation in which prices are relatively stable and the quantity of goods and services supplied is equal to the quantity demanded | 11 | |
| 3313857981 | Surplus | A situation in which the quantity supplied is greater than the quantity demanded at a given price | 12 | |
| 3313857982 | Shortage | A situation in which the quantity demanded is greater than the quantity demanded at a given price | 13 | |
| 3313857983 | Equilibrium price | The price that clears the market by leaving neither a surplus nor a shortage at the end of the trading period | 14 |
