Ch+6+Review

Ch 6 Review
 * 1) Equilibrium
 * 2) search cost
 * 3) Rationing
 * 4) Shortage
 * 5) excess supply
 * 6) supply shock
 * 7) price floor
 * 8) Factors that can lead to disequilibrium are too much of a something being produced or not enough being produced
 * 9) has the power to set price floors and ceiling
 * 10) the problem that price floor can make is that it can cut jobs and have to many unemployed
 * 11) price acts a language because it communicates, not literally but if you can understand the price well then your good
 * 12) purple line is demand green line is supply when they cross its called equilbrium
 * 1) purple line is demand green line is supply when they cross its called equilbrium