Supply and Demand Vocabulary Quiz Crossword
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
 
 
Down: 1) A good for which demand increases when income rises and decreases when income falls.2) A relationship between price and quantity supplied.3) A relationship between price and quantity demanded.4) The quantity of a good that firms are willing to sell at a given price.5) The amount by which quantity demanded falls because of the decline in real income from the price increase.6) A government price control the minimum allowable price for a good.7) The quantity of a good that people want to to buy at a given price during a specific time.8) Demand for which the price elasticity is zero, indicating no response to a change in price and therefore a vertical demand curve.9) A graph of demand showing the downward-sloping relationship between price and quantity demanded.10) The situation in which quantity demanded is greater than quantity supplied.11) A good that has many of the same characteristics as and can be used in place of another good.12) The percentage change in quantity supplied divided by the percentage change in price. Across: 10) The situation in which quantity supplied is greater than quantity demanded.13) The tendency for the quantity demanded of a good in a market to decline as its price rises.14) The tendency for the quantity supplied of a good in a market to increase as its price rises.15) A good that is usually consumed or used together with another good.16) The percentage change in the quantity demanded of a good a good divided by the percentage change in the price of that good.17) The amount by which the quantity demanded falls when the price rises, exclusive of the income effect.18) A graph of supply showing the upward-sloping relationship between price and quantity.19) Supply for which the price elasticity is infinite, indicating an infinite response to a change in the price and therefore a horizontal supply curve.20) A government price control that sets the maximum allowable price for a good.21) Supply for which the price elasticity is zero, indicating no response of quantity supplied to a change in price and thereby a vertical supply curve.22) A good for which demand decreases when income rises and increases when income falls.23) Supply for which the price elasticity is infinite, indicating an infinite response of quantity supplied to a change in price and thereby a horizontal supply curve.24) The situation in which the price is equal to the equilibrium price and the quantity traded equals the equilibrium quantity.
 

 

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