IDENTIFICATION

21. It is a graph that shows how much of a product a firm will sell at different prices.

22. As a "basic good used in commerce that is interchangeable with other commodities of the same type."

23. This refers to who receives the products and services an economy produces.

24. It is 'the application of economic theories and principles to real world situations with the desired aim of predicting potential outcomes.'

25. It is the condition that exists when quantity supplied and quantity demanded at the current price is equal.

ENUMERATION

26. Why study economics?

1._____________ 2._____________ 3._____________

27. Methods of EconomicsMethods

1._____________ 2._____________

28. 3 Conditions Prevailing in the Market

1.__________ 2.__________ 3.__________

29. Basic economic problems "QESTIONS" of the countryBasic

1.__________ 2.__________ 3. __________

30. Scope of EconomicsScope

1.__________ 2.__________