Economics

8. an economic term referring to the static quantity of a good or service when its price changes
9. an individual, or entity, who exchanges any good or service in return for payment
11. a change in the behavior of buyers and sellers in response to a change in price for a good or service
13. a thing that completes or brings to perfection
15. the current price at which an asset or service can be bought or sold
16. the difference between the revenue received from the sale of an output and the costs of all inputs used
17. a person or thing acting or serving in place of another
19. items that satisfy human wants and provide utility
20. a graph showing how the demand for a commodity or service varies with changes in its price
22. the part of economics concerned with single factors and the effects of individual decisions
24. money received, especially on a regular basis, for work or through investments

1. the amount or number of a material or immaterial thing not usually estimated by spatial measurement
2. the total amount of a specific good or service that is available to consumers
3. a person who is buying something or who intends to buy it
4. any basic, quantifiable item that creates value for a business
5. Marginal Utility all else equal as consumption increases the marginal utility derived from each additional unit declines
6. Of Demand a fundamental principle of economics that states that at a higher price consumers will demand a lower quantity of a good
7. someone who creates and supplies goods or services
10. a regular gathering of people for the purchase and sale of provisions, livestock, and other commodities
12. an insistent and peremptory request, made as if by right
14. the item offered for sale
17. the action of replacing someone or something with another person or thing
18. a tabulation of the quantity of a good that all consumers in a market will purchase at a given price
21. a person who buys and uses up goods
23. the benefit gained from consuming one additional unit of a good or service