Economics Activity

2. higher responses to price changes
4. the branch of economics concerned with large scale or general economic factors
8. it is an good that experiences an increase in its demand due to a rise in consumers income
9. change in demand when there is a change in price
12. buyers demand does not change as much as the price changes
14. it is good which can have a negative impact on the consumer.
17. it is a product or service that can be easily replace with another by consumers
19. total amount of goods and services that all consumers are willing and able to purchase at a specific price

1. the part of the economic concerned with single factors and the effect of individual decisions
3. a sum of money granted by the state or a public body to a help a industry or business keep the price of a commodity or service
5. it is a good or service used in conjunction with another good or service
6. consumers willingness and service to buy a product
7. it describes a good whose demand drops when people's income rise
10. an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.
11. an economic system combining private and state enterprise
13. change in quantity supply/ change in price
15. income remaining after deduction of taxes and social security charges, available to be spent or saved as one wishes
16. a stock or amount of something supplied or available for use
18. income, especially when of an organization and of a substantial nature