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Econ 1

Horizontales
Quantity of a good consumers are willing to buy at different prices
A system where buyers and sellers interact to exchange goods and services
Market structure characterized by a few firms controlling the majority of the market share
The loss of potential gain from other alternatives when one alternative is chosen
Limited availability of resources that are not abundant
General increase in prices and fall in the purchasing value of money
Quantity of a good sellers are willing to sell at various prices
Verticales
Period of temporary economic decline during which trade and industrial activity are reduced.
Satisfaction or usefulness obtained from consuming a good or service
Measure of how much the quantity demanded or supplied of a good responds to a change in price
Total value of goods and services produced within a country.
Market condition where a single firm dominates the supply of a good or service