What is the market situation when the price is $1.40 per gallon of gasoline?

What is the market situation when the price is $1.00 per gallon of gasoline?

What do you call the market situation where supply is equal to demand?

What do you call the market situation where quantity supplied is greater than quantity demanded?

What do you call the market situation where the quantity demanded is greater than the quantity supplied?

If the price stays unchanged at $1.40 but the quantity demanded increases to 800 million gallons. What market situation will this create?

If the price stays unchanged at $1.40 but the quantity demanded decreases to 500 million gallons. What market situation will this create?

If the Government sets a minimum price of $2.00 what market situation will this create?

If the Government sets a maximum price of $1.20 what market situation will this create?