Supply and Demand

If consumer demand is greater than the supply for a good, there will be a ______.

The US Government sets a maximum price for gasoline at $2.00/gal. This is an example of ___.

A ruined corn crop affects the market for tortillas. This is a ___ shift that leads to an ____.

New consumer preference for hummus is a ____ shift leading to a ____ in demand.

At all prices, demand remains stable for tuberculosis medication because it is a(n) ______ good

A consumer tax break affects the luxury goods market.  This is a ___ shift leading to a ___.

To bolster car manufacturing, the gov sets a min. price of $20k for new cars.  This is a ____.

An increase in supply leads to a _______ in quantity demanded.

What is the equilibrium price in the following chart?

A price floor leads to _____ and a price ceiling leads to _______.