F291 key terms 0.0 / 5 ? Business StudiesThe maketASOCR Created by: georgiarockwoodCreated on: 16-05-16 11:41 micro economics the study of individual consumers, business and markets 1 of 6 substitute an alternative product that serves the same function 2 of 6 complement a product that is used, and is therefore bought, in conjunction with another 3 of 6 subsidy a payment from the government to encourage a business to increase supply 4 of 6 elastic where the change is demand or supply that results from a price change is greater than the change in price that caused it 5 of 6 inelastic where the change in demand or supply that results from a price channge is less than the change in prive that caused it 6 of 6
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