The inability to satisfy all wants at the same time -

Someone who purchases goods and services -

Consumers determine through purchases what goods and services will be produced is -

This forces producers to produce better quality goods and services -

Used by sellers to motivate consumers to make different choices -

What is given up whenever a choice is made - the next best alternative is called -

What is determined by the interaction of supply and demand?

The point where supply and demand meet is called -