1
supply of goods
2
the best next alternative foregone when an economic decision is made
3
everything stays the same (latin)
4
good that is an alternative in demand
5
good for which demand falls when income rises
6
price set below the equilibrium
7
good that gives negative externalities through consumption
8
unit of happiness
9
negative tax when government gives money to reduce the price
10
place where buyers and sellers meet
11
payment to entrepreneurs
12
people paid to work
13
cross price elasticity of demand
14
extra cost imposed by the government that increases the price
