match the definitions

Demand Curve Supply Curve Market Equilibrum Choose Combination of Price and Quartity that balances sellers and buyers' decisions. The impact of a transaction on a third party different from the buyer and the seller. When quantity supplied exceeds quantity demanded The amount that people buy at a particular price Shows the quantities buyers would like to buy at different prices. A legal upper limit for price set below the equilibrium How price change makes the buyer switch between substitutes Shows the quantities sellers would like to sell at different prices. The amount that firms sell at a particular price A legal lower limit for price set above the equilibrium. When quantity demanded exceeds quantity supplied at a given price. The amount that income must increase to stay at equilibrium How price change impacts the real income of buyers and make them change their buying decisions, TEST Income Effect Substitution Effect Externality [Choose Shortage [Choose > Surplus Choose Price Floor Choose Price Ceiling I Choose