10 Economics Crosswords Quiz

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Across
  1. 2. What organization restricts and regulates the global oil supply?
  2. 5. The portion of a market controlled by a particular company or product (2 words)
  3. 9. If the percentage change in quantity supplied is equal to the percentage change in price, then what is the interpretation?
  4. 10. What is a group of producers that collaborate to control supply and prices to increase their profits called
  5. 11. If producers are prepared to supply any amount at any given price, what is the Price Elasticity of Supply Interpretation? (2 Words)
  6. 14. What is the period of time in which all factors of production involved in making a good are variable called ( 2 words)
  7. 16. What is the additional profit that producers earn when selling a good/services at a higher price than the cost of production / minimum price that they set called (2 words)
  8. 19. Farmers may plant fewer crops if they expect selling prices to fall in the future. Why? (2 Words)
  9. 20. What is the factor of supply that is a force of nature that greatly affects supply in agriculture, fishing, and energy industries called
Down
  1. 1. Which is likely to be more price inelastic? Short term or long term? (2 Words)Perfectly elasticPerfectly elastic
  2. 3. A fall in price will lead to a fall in quantity supplied, or otherwise called as the _______ of supply
  3. 4. What is the interpretation if there is a small amount of response in quantity supplied to a change in price?
  4. 6. If the time owned by the producer is long, then the producer has more time to switch one product to another. Where, the supply of the goods will be..
  5. 7. What other factors may affect the supply of goods and services in terms of rules and regulations? (2 Words)Short termShort term
  6. 8. The large number of substitutes available in production will cause the elasticity of supply to the price of goods.
  7. 12. in economics , what is defined as the quantity of goods that sellers are willing to sell at any given price over a period of time
  8. 13. What is the period of time when at least one factor of production is fixed called (2 words)
  9. 15. The supply curve is ___________ sloping, showing that firms increase production of a good as its price increases.
  10. 17. Changes in the conditions of supply cause a __ in the supply curve to the right or left
  11. 18. What is the measure of the degree of responsiveness of quantity supplied to a related change in price called ?