Economics deals primarily with the concept of

Whatever must be given up to obtain some item is called: [BLANK-1]

In the figure shown, a binding price ceiling is shown in

A market is a

The word economy comes from the Greek word for

A price floor

The law of demand says that when price

If a good is normal, then an increase in income will result in

The amount of the good buyers are willing and able to purchase is the

An example of complementary goods would be