A | B |
diminishing marginal return | benefits will eventually be negative |
union strikes | withholding labor |
demand is how much consumers want | at different prices at one time |
price in elastic (insulin) | the good is a necessity |
supply | willing and able to sell at a range of prices |
market equilibrium | where supply and demand are equal |
Federal Reserve | controls the country's money supply |
substitute goods | satisfy the similar wants |
Ceteris Paribus | all other things held constant |
subsidy | government trying to encourage business |