Personal Finance

the responsiveness of an economic factor to changes in the factor such as price.

the amount of a good or service available in a market at a given place. 

the amount for which a good is sold.

being capable of doing something

the point where supply and demand meet and the prices are set

work together to meet a goal

an economic law stating that the quantity supplied increases as prices rise and drops as prices fall

an economic law stating that the quantity demanded increases as prices fall and decreases as prices rise