Business Essentials

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Across
  1. 1. one in which the change in quantity demanded due to a change in price is large
  2. 6. consumption
  3. 7. for a product or good is determined by how much demand for the product changes as the price increases or decreases
  4. 10. goods for sale
  5. 12. desire
  6. 14. contribute
  7. 16. equality
  8. 19. interrogate
  9. 21. manpower
  10. 22. overage
  11. 24. undersupply
  12. 25. goods and services
  13. 26. those which do not require a monetary payment
  14. 28. swap
  15. 29. trade
  16. 30. require
  17. 31. value
  18. 32. cost
Down
  1. 2. the factors of production
  2. 3. Commodities
  3. 4. administration
  4. 5. utilization
  5. 8. desires that can be satisfied by consuming a good, service, or leisure activity
  6. 9. raw material
  7. 11. a shortage
  8. 13. tangible assets
  9. 15. profitable
  10. 17. Smith explained the concept of supply and demand as an "invisible hand" that naturally guides the economy
  11. 18. command
  12. 20. inflexible
  13. 23. help for consumers
  14. 27. an increase in the price of goods or services results in an increase in their supply
  15. 32. manufacture