Unit 6 Crossword Puzzle

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Across
  1. 3. type of goods with no reasonable substitutes
  2. 4. the abbreviation for insurance required for specific, expensive personal property
  3. 7. the amount policy holder must pay before insurance will pay for a covered event
  4. 8. type of goods where demand will continue to rise as income increases, and never reach a maximum
  5. 9. the type of good that will have a positive cross-price elasticity
  6. 10. an example of an event that is not typically covered by traditional renters' or homeowners' insurance
  7. 12. the type of good that will have a negative cross-price elasticity
  8. 15. the government department that attempts to regulate market share
  9. 17. the monthly payment in exchange for insurance coverage
  10. 18. property like land or a house
  11. 20. policy extra insurance that comes alongside (and over) typical home and car insurance
  12. 21. the price elasticity of demand is always ____________
  13. 24. the more ____________ party will bear the burden of increased taxation
  14. 26. the formal name for you "take-home pay"
  15. 27. the marginal revenue curve determines a monopolist's _______
  16. 29. monopolists stops producing when this equals marginal revenue
  17. 31. the code for a tax-exempt charity
Down
  1. 1. another name for marginal costs
  2. 2. inexpensive insurance that you might want very soon
  3. 5. property that is not tied to the land
  4. 6. insurance companies usually pay the lesser of ________ and replacement value
  5. 11. the person that benefits under your insurance policy if you die
  6. 12. a request to your insurance company that they pay for a covered event
  7. 13. a monopolist will restrict output as long as __________ is greater than the quantity effect
  8. 14. a monopolists restricts quantity to try to capture this.
  9. 16. the demand curve determines a monopolist's ___________.
  10. 19. a price elasticity greater than the absolute value of 1
  11. 22. type of good where consumption decreases as income increases
  12. 23. costs that remain the same no matter how much is produced or sold
  13. 25. a price elasticity less than the absolute value of 1
  14. 28. an ___________demand curve will be more heavily impacted by a monopoly
  15. 30. an employer-sponsored, tax deferred retirement savings program