Economics Vocabulary & Terms Name: ___________________________________ #: ____ Ch 6: Equilibrium Hour: ______ Date: _______________________________ Section 1: Combining Supply and Demand 1. equilibrium: 2. disequilibrium: 3. excess demand: 4. excess supply: 5. price ceiling: 6. price floor: 7. rent control: 8. minimum wage Section 2: Changes in Market Equilibrium 1. surplus: 2. shortage: 3. search costs: Section 3: Role of Prices 1. supply shock: 2. rationing: 3. black market: 4. spillover costs: