Economics 2 Crossword
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
                                                          
 
 
Down: 1) Many buyers and sellers, Sellers offer identical products, Buyers and sellers are well informed, and sellers can enter market freely3) An arrangement that allows buyers and sellers to exchange things4) Costs of production that affect people who have no control over how much of a good is produced5) the financial gain made in a transaction6) A graph of the quantity supplied of a good at different prices8) When a demand increases in price equals exactly one10) A minimum price for a good or service11) A measure of how consumers react to a change in price14) A tax on the production or a sale of a good22) Income received by a government from taxes and nontax sources23) Situation in which quantity suppled is greater than quantity demanded; also known as excess supply Across: 1) " All other things held constant"2) A graphic representation of a demand schedule7) Up -increases Down-decreases9) Tendency of suppliers to offer more of a good at a higher price12) A good that consumers demand less of when their incomes increase13) Two goods that are bought and used together 15) A maximum price that can be legally charged for a good or service16) A product that is the same no matter who produces it17) Describes demand that is not very sensitive to a change in price18) A government payment that supports a business or market19) A system of allocating scarce good and services using criteria other and price20) outlawed mergers and monopolies that limited trade between states21) Left- toward right Right- toward left24) The point at which quantity demanded and quantity supplied are equal25) Describes any price or quantity not at equilibrium; when quantity supplied is not equal to quantity demanded in market26) The cost of producing one more unit of a good27) The additional income from selling one more unit of a good; sometimes equal to price
 

 

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