A __________ is a payment made to firm by the government .

A vertical Supply curve ,as price increases the quantity supplied

What does 'willing' means ?

______________ refers to the well beings of society .

At the _________ ,the quantity consumers are willing and able to buy is exactly equal to the quantity firms are willing and able to sell .

__________ is defined as the highest price consumers are willing to pay for a good minus the price actually paid .

A shift of a demand curve,caused by a change in a determinant of demand is called a

A rightward shift of the curve is called an

What does ceteris paribus mean ?

A ___________ lowers cost of production.