Asignificant regional characteristic would be:
whether people have long or short fingernails
whether people are islamic or protestant
whether more people live in one-room or six-room houses

Match 40 ! economics 1. equilibrum 2.disequilibrium 3. excess demand 4. excess supply 5.price ceiling 6. price floor a. when quantity supplied exceeds quantity demanded b. this occurs when quantity supplied in not equal to quantity demanded in a market c.the point of balance between price and quantity d. the maximum price that can be legally charged for a good e. when quantity demanded is more than wuantity supplied f.the minimum price that can be legally chsrged for a good or service