Primary-first, essential, chief, main

Consumer (n.) Consume (v.)- spend Consumption (n.)-

spending Express-show,

convey Supply and demand Determine-decide

on, settle, agree on Essential-basic Household

Supplier Make a decision Level-stage, degree Respond TO sth.-

react to sth, answer sth.

Refer to-relate to-odnositi se

Willing-compliant, ready, prepared

Provide-supply Various-different Basically-essentially,

in essence

Hold-maintain, claim IN economic terms-

expressions Be IN short supply-

not readily available Widely available-

broadly available- to for everyone

Lower-reduce, decrease

Melon Encourage vs

discourage- inspire, stimulate vs. destimulate

Supplier vs. demander

Continuously-without interruption

IN other words Balance Interact-act

together, collude Be reflected BY Current-present,

ongoing Open market Responsiveness TO

sth.- reactivity, sensitivity

Best-known An application of sth.

TO sth.- utilization, use

Be termed-be named-be called

Elasticity of demand-elasticnost traznje

Effect vs. cause Calculate-account,

measure IN percentage terms Ratio-proportion,

relation

Gasoline-petrol, fuel Income-earnings Be independent OF sth. Such as- for example Unitary elasticity-

jedinicna elasticnost A cut IN sth.-a

reduction Bring about-give rise,

priduce Expansion-

enlargement Revenue-budget

income

Size Coefficient-constant, a

numerical or constant factor in an algebraic term

Measure-gauge, quantify

Obtain-get, acquire Range-scope, amount Degree-level Vary-differ, change Somewhat Cause-bring about Increase BY 5%

Place (v.)-put, set, locate

Unit