3. Find in the text English equivalents for the following:

спрос
предложение, поставка
аукционист
валюта
перевод
график, шкала
количество, объем
величина спроса
обратная зависимость
величина предложения
торги, заключение сделки
равновесная цена
схематично

4. What do definition in a column correspond to? Fill in Column b:

A	B
1. The amount by which the quantity demanded exceeds the quantity supplied at a given price	a
2. Market which allows prices to be determined purely by the forces of supply and demand	b
3. The ability and willingness to sell specific quantities to sell specific quantities of a good at alternative prices in a given time period.	c
4. Government rules or laws that forbid the adjustment of prices to clear markets.	d
5. A curve that shows the relation between price and quantity demanded, holding other things equal.	e

5. Find pair of synonyms

1. quantity	considerably
2. dramatically	to soar
3. response	to purchase
4. to buy	reply
5. to plummet	a decrease
6. amount	to alter
7. to go down	to change
8. to increase	a fall

6. Fill in the blanks with appropriate prepositions:

1. According to the law of demand, a fall ____ price leads to rise ____ quantity demanded.

2. Consumers will originally buy more of a product ____ a low price than they will ____ a high price.

3. Wind energy offers a low cost solution ___ our fuel problems.

4. Sales increased ____ 11,2 million in 2013 ____ 11,93 million in 2014.

5. There was a decrease ____ about half a million grom 2011 to 2013.

6. The company has rejected the workers’ demand ____ a rise ___ pay.

7. Our machinery is ___ demand all over the world.

8. The price ___ gas and electricity is steadily increasing.

9. The production of jogging equipment is ___ increase.

7. Fill in the blanks using the words from the bottom:

1. The law of demand states that price and quantity demanded are ____.

2. _______ shows the relationship between price and quantity supplied.

3. When the price of goods changes, we say that this causes _______.

4. When one of the determinants changes, we say that this causes _____.

5. We had ____ the price of our house to sell it.

6. A change of the quantity demanded is shown by ____.

7. The law of demand was discovered by ______.

a. a professor of economics at the University of Lyon

b. the demand curve

c. a movement along the demand curve

d. the quantity demanded to change

e. an Irish professor of philosophy at the University of London

f. to double

g. the demand to change

h. the supply curve

i. to drop

j. a shift in the demand curve

k. directly related

l. inversely related