Fill in the correct labels for the following figure using the word bank below.
-H __________
Definitions:
Surplus II
The condition where the quantity supplied of a good exceeds the quantity demanded, causing downward pressure on the market price.
Equilibrium Price
The cost at which the amount of products available for sale matches the volume of products consumers want to buy.
Equilibrium Quantity
The quantity at which the supply and demand for a good or service are equal at a certain price level, leading to market equilibrium.
Pumpkin Market
A market or segment of the economy focused on the production, distribution, and sale of pumpkins.
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