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