Neclassical

3. Name of the book that Alfred M. wrote.
6. The point where supply equals demand in a market.
7. The financial gain made in a transaction or business operation.
8. An economic system based on private ownership and free markets.
10. Neoclassical Economics emerged in the late 19th century as a response to ............ Economics.
11. Surname of the main economist.
12. The action of putting money into something with the expectation of earning a profit.
13. The economic principle determining prices based on availability and desire.

1. Concept that explains how much the demand for a product will change if its price changes.
2. The branch of economics that studies individual and business decisions.
4. Revolution that was being experienced at the time that the Neoclassical Economics emerged.
5. The economic theory that decisions are made based on additional costs and benefits.
9. Satisfaction or benefit gained from consuming a product.