| Question | Answer |
| A business structure that is legally owned by Stockholders. | Corporation
|
The removal of some government controls over a business. | Deregulation
| Factors other than price determine a demand curve shift. | Determinants
| Any price or quantity that does not meet equilibrium; supply and demand do not meet. | Disequilibrium
| Demand that reacts to change in price | Elastic
| Land, labor, capital, and other obstacles that may prevent new competitors from entering a market. | Entry Barriers
| The point where supply and demand curves meet | Equilibrium
| Physical outputs such as paper and electronics. | Goods
| Demand that does not react to change in price | Inelastic
| Mutual reliance between two or more groups | Interdependency
| A legal obligation to pay debt. | Liability
| The study of the economic behavior of individuals, households and other small units | Microeconomics
| A market in which many companies sell products that are similar but not identical. | Monopolistic Competition
| A market in which there are many buyers but only one seller. | Monopoly
| A market in which only a few sellers offer similar or identical products. | Oligopoly |
