Business Economics

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Across
  1. 7. Study of individual economic units
  2. 8. Desires backed by ability to pay
  3. 10. Total amount producers are willing to sell
  4. 12. The law explaining inverse relation between price and demand
  5. 13. point where budget line & IC are tangent
  6. 16. An individual who uses goods and services
  7. 17. The curve which shows all combinations of two giving same level of satisfaction
Down
  1. 1. Goods consumed together
  2. 2. Price * Quantity = Total ___
  3. 3. When demand changes more than proportionately with price
  4. 4. Vertical demand curve shows it is
  5. 5. Demand curve usually slopes
  6. 6. Supply curve usually slopes
  7. 9. The study of how businesses allocate resources
  8. 11. MACROECONOMICS
  9. 14. Measures responsiveness of quantity demanded to price change
  10. 15. Demand of necessity goods is generally