ECONOMICS!!!

3. A market structure in which a few large firms dominate a market
9. A focus on a particular activity or area of study
10. Fixed costs plus variable costs
13. Price x Quantity
14. A table that shows the relationship between the price of a good and the quantity demanded
19. A business owned by one person
20. The change in consumption resulting from a change in real income

1. When consumers react to an increase in a good's price by consuming less of that good and more of other goods
2. Trends and fashions that are highly desirable to the consumer
4. A legal minimum on the price at which a good can be sold
5. Money received, especially on a regular basis, for work or through investments.
6. What you expect prices to do in the future can influence your buying habits today.
7. Economic decisions are made by individuals or the open market.
8. A graph of the relationship between the price of a good and the quantity supplied
11. An establishment formed to carry on commercial enterprise
12. The application of scientific knowledge for practical purposes
15. A market in which there are many buyers but only one seller.
16. Total revenue minus total cost
17. The cost of producing one more unit of a good
18. A legal maximum on the price at which a good can be sold