Market Economics Matching Worksheet

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Date:

📊 Part 1: Market Economics Terms Matching

Instructions: Draw a line to match each economic term on the left with its correct definition on the right.

A. Market Equilibrium

B. Government Intervention

C. Supply

D. Demand

E. Price Ceiling

F. Price Floor

G. Subsidy

H. Tax

I. Consequences

1. The amount of a product or service available to consumers

2. A government-imposed limit on how low a price can be charged

3. The point where supply equals demand, and the market is balanced

4. Financial assistance provided by the government to encourage production or consumption

5. The desire and ability of consumers to purchase goods or services

6. A compulsory financial charge imposed by the government on goods or services

7. Actions taken by the government to influence or regulate markets

8. The outcomes or effects that result from market activities or policies

9. A government-imposed limit on how high a price can be charged

1. Give an example of a New Zealand product where the government might set a price floor:

2. What might be the consequences if the government placed a price ceiling on petrol in New Zealand?

3. Name one subsidy that the New Zealand government provides and explain why: