Match the term with its definition

1. price
2. market price
3. market equilibrium
4. consumer
5. necessity

a) Anyone who uses goods and/or services.
b) A situation where prices are relatively stable and there is neither a surplus nor shortage in the market.
c) Goods or service whose consumption is seen as essential in order to maintain a minimum standards of living in a society.
d) Money value of a good or service.

e) The price of a good or service at which the quantity demanded matches the quantity supplied.

AlenaSey    2   31.03.2020 10:57    0