A. When quantity supplied exceeds quantity demanded
4. Excess supply
B. This occurs when quantity supplied in not equal to quantity demanded in a market
2.disequilibrium
C.the point of balance between price and quantity
1. Equilibrum
D. The maximum price that can be legally charged for a good
5.price ceiling
E. When quantity demanded is more than wuantity supplied
3. Excess demand
F.the minimum price that can be legally chsrged for a good or service
6. Price floor
