Changes In Market Equilibrium

Changes In Market Equilibrium

Mrs. Stuart

Fill in the Blank

_________ occurs when you have too much of a product.

Fill in the Blank

________ occurs when you do not have enough of a product to meet the demand.

Multiple Choice

True or False: When the price is not right for a particular market, it is known as market equilibrium.

• True

• False

Fill in the Blank

In order to get the market back to equilibrium, you need to change the _______ of a product.