| A | B |
|---|
| demand | desire to own something and pay for it |
| normal good | a good that people demand more of when their income goes up |
| substitutes | goods used in place of each other |
| fixed cost | a cost that does not change |
| supply | amount of goods available |
| rent control | a price ceiling placed on rent |
| minimum wage | a minimum price that an employer can pay a worker |
| monopoly | a market dominated by a single seller |
| shortage | when a good or service is unavailable |
| oligopoly | when a few large firms dominate a market |
