_____________ play a very important part in the allocation of resources in markets.

When price goes down, there is a ____________ in quantity supplied.

_____________ occurs in the market where there is no tendency for change, when the plans of consumers match the plans of suppliers.

The ________________ shifts to the left or right when, 'other things being equal', the assumption is changed.

_______________ products are alternatives - products that satisfy essentially the same wants or needs.

When price goes down, there is an _____________ in quantity demanded.

The ___________ is relevant in under standing how producers can react in markets.

____________ influence company decisions in many ways.

_____________ is a numerical measure of the responsiveness of supply to a change in the price of the product alone.

The ____________ curve shifts to the left or right when, 'other things being equal', the assumption is changed.