Economics supply & demand vocabulary

Hot dogs and hot dog buns are an example of these products used together.

The price of Coca Cola increases and you purchase Pepsi Cola. Coke and Pepsi are ...

The government imposes an upper limit on prices.  This is called

Purchasing your college texts from the used book store as the new books are too expensive 

If prices rise, people buy less and if prices fall, people buy more.

The difference between business revenue and business costs.

Another term for excess supply

Excess demand would indicate

This is the intersection of supply and demand, the market price.

A chart showing how many items people want to purchase at different prices is known as

Setting minimum wages to $9.00 an hour shows