Directions. Write down the correct answer in the space provided. 1. A place where buyers and sellers interact and engage in exchange. 2. Reflects the consumer's desire for a commodity. 3. It is a condition of balance or equality. 4. A condition in the market where the quantity supplied is more the quantity demanded. 5. The legal minimum price imposed by the government on certain goods and services. 6. A general increase in prices and fall in the purchasing value of money. 7. The price agreed by the seller to offer its goods or services for sale and for the buyer to pay for it. 8. Refers to the competitive environment in which buyers and sellers operate. 9. The specification by the government of minimum or maximum prices for certain goods and services. 10. Are compulsory contributions to support the State. It is considered as the "lifeblood" of a government