24. Name some factors that can cause a shift in the supply curve in markets for goods and services.

25. How does one analyze a market where both demand and supply shift?

26. What causes a movement along the demand curve? What causes a movement along the supply curve?

27. Does a price ceiling attempt to make a price higher or lower?

28. How does a price ceiling set below the equilibrium level affect quantity demanded and quantity supplied?

29. Does a price floor attempt to make a price higher or lower?

30. How does a price floor set above the equilibrium level affect quantity demanded and quantity supplied?

31. What is consumer surplus? How is it illustrated on a demand and supply diagram?

32. What is producer surplus? How is it illustrated on a demand and supply diagram?

33. What is total surplus? How is it illustrated on a demand and supply diagram?

34. What is the relationship between total surplus and economic efficiency?

35. What is deadweight loss?
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