1. Microeconomics Vocabulary
Microeconomics Sole Proprietorship
Law of Supply Partnership
Law of Demand Corporation
Equilibrium Price Monopoly
Elasticity Oligopoly
Price Floor Monopolistic Competition
Price Ceiling Perfect Competition
Surplus
Complement
Substitute Shortage
Money (Monetary unit)

2. Vocabulary #17 Microeconomics Money (Monetary unit) Law of Demand
Directions: Write a very brief definition. (in your own words) Then, write a short paragraph in which you connect the terms and show you understand the relation between the terms.

3. 9/19/12 Law of Supply Equilibrium Price Law of Demand
Directions: Write a very brief definition. (in your own words) Then, write a short paragraph in which you connect the terms and show you understand the relation between the terms.

4. Vocabulary Entry 9/21/12 Equilibrium Price Surplus Shortage
Directions: Write a very brief definition. (in your own words) Then, write a short paragraph in which you connect the terms and show you understand the relation between the terms.

5. Vocabulary 9/26/12 Price Floor Price Ceiling Surplus Shortage
Directions: Write a very brief definition. (in your own words) Then, write a short paragraph in which you connect the terms and show you understand the relation between the terms.

6. Vocabulary 9/27/12 Sole Proprietorship Partnership Corporation
Directions: Write a very brief definition. (in your own words) Then, write a short paragraph in which you connect the terms and show you understand the relation between the terms.

7. Vocabulary 10/1/12 Monopoly Oligopoly Perfect Competition
Monopolistic Competition
Directions: Write a very brief definition. (in your own words) Then, write a short paragraph in which you connect the terms and show you understand the relation between the terms.