Run the market gates

Exercise and reference answers

Questions

1. Correct

   Surplus

   Choices

   1. Surplus
   2. Shortage
   3. Neither

2. Correct

   Shortage

   Choices

   1. Surplus
   2. Shortage
   3. Neither

3. Correct

   Normal

   Choices

   1. Normal
   2. Inferior
   3. Neither

4. Correct

   Inferior

   Choices

   1. Normal
   2. Inferior
   3. Neither

5. Correct

   Ceiling

   Choices

   1. Ceiling
   2. Floor
   3. Neither

6. Correct

   Floor

   Choices

   1. Ceiling
   2. Floor
   3. Neither

Instructions

Pick the imbalance, then the good, then the control.

Explanation