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Macroecon 3&4 Crossword
Down
:
1) the claim that the price of any good adjusts to bring the quantity supplied and quantity demanded for that good into balance
3) a situation in which quantity demanded is greater then the quantity supplied
4) a graph of the relationship between the price of a good and the quantity demanded
5) a good for which, other things equal, an increase in income leads to an increase in demand
8) quantity supplied and quantity demanded at the equilibrium price
9) a table that shows the relationship between the prices of a good and the quantity demanded
10) the price that balances quantity supplied and quantity demanded
12) a good for which, other things equal, an increase in income leads to a decrease in demand
13) the amount of a good that buyers are willing and able to purchase
14) a market in which there are many buyers and many sellers so that each has a negligible impact on the market price
16) a graph of the relationship between the price of the good and the quantity supplied
17) the claim that the price of any good adjusts to bring the quantity supplied and quantity demanded for that good into balance
18) a situation in which quantity supplied is greater then the quantity demanded
Across
:
2) the claim that the price of any good adjusts to bring the quantity supplied and quantity demanded for that good into balance
6) goods produced domestically and sold abroad
7) ability to produce a good using fewer inputs then another producer
11) two good for which an increase in the price of one leads to a decrease to the demand in the other
15) the amount of a good that sellers are willing and able to sell
19) two goods for which an increase in the price of one leads two an increase in the demand of other
20) ability to produce a good at a lower opportunity cost than another producer
21) a situation in which the market price has reached the level at which quantity supplied equals the quantity demanded
22) a table that shows the relationship between the price of a good and the quantity supplied
23) a group of buyers and sellers of a particular good or service
24) the claim that the price of any good adjusts to bring the quantity supplied and quantity demanded for that good into balance
25) goods produced abroad and sold domestically
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