Matching Pairs Demand and Supply Matching GameOnline version Match key concepts related to demand and supply in this interactive game. by RADHIKA SAWA 1 Price Ceiling 2 Surplus 3 Price Floor 4 Elasticity 5 Equilibrium Price 6 Demand 7 Supply 8 Shortage Price at which quantity demanded equals quantity supplied Measure of how quantity demanded or supplied responds to changes in price Minimum price set by the government to prevent prices from falling too low Maximum price set by the government to prevent prices from rising too high Quantity of a product producers are willing to offer at a given price Quantity of a product consumers are willing to buy at a given price When quantity supplied exceeds quantity demanded When quantity demanded exceeds quantity supplied