1. When an excess demand persists for a significant period of time: When an excess demand persists for a significant period of time 2. A government - imposed limit below which prices cannot fall.: A government - imposed limit below which prices cannot fall. 3. Condition when markets overproduce or underproduce a good.: Condition when markets overproduce or underproduce a good. 4. Giving a fixed quantity to each person.: Giving a fixed quantity to each person. 5. A government - imposed limit on the highest price firms can charge in the market: A government - imposed limit on the highest price firms can charge in the market 6. Prices that move to their equilibrium value very slowly.: Prices that move to their equilibrium value very slowly. 7. When an excess supply persists for a significant period of time.: When an excess supply persists for a significant period of time. 8. Illegally selling a good for a price above the price ceiling to people who could not find it in the stores.: Illegally selling a good for a price above the price ceiling to people who could not find it in the stores. Column B a. Sticky Prices b. Shortage c. Price Ceiling d. Surplus e. Rationing f. Market Failure g. Black Market h. Price Floor