2.02 E VOCABULARY

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Across
  1. 2. people who use goods and services to satisfy their wants
  2. 5. the situation that exists when supply is greater than demand
  3. 8. minimum prices on certain objects
  4. 11. the ratio between two services
  5. 13. actual price at any particular moment
  6. 14. the situation that exist when demand is greater than supply
  7. 15. the amount of money paid for a good
  8. 16. monetary reward a business owner receives
Down
  1. 1. a function of relative prices that is necessary
  2. 3. a phenomenon that occurs when changes in relative pricess cause buyers to replace the purchase of one product with another
  3. 4. amount of satisfaction a good or service will provide a customer
  4. 6. people who make or provide goods and services
  5. 7. equilibrium price
  6. 9. a function of relative prices that determines who gets the goods and services
  7. 10. the minimim price producers are willing and able to recive for a product
  8. 12. a maximum legal price,can change for certain products