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EPF 3 Price Systems (JC)

WORD LIST:
BLACK MARKET
EFFICIENCY
EQUILIBRIUM
EXTERNALITIES
FAD
FLEXIBILITY
INCENTIVE
INFORMATION
INSTABILITIY
INVENTORY
MINIMUM WAGE
NEGATIVE EXTERNALITY
POSITIVE EXTERNALITY
PRICE CEILING
PRICE FLOOR
PRICE SYSTEM
PUBLIC GOODS
RATIONING
RENT CONTROL
SHORTAGE
SUPPLY SHOCK
SURPLUS