Chapter 6

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Across
  1. 2. Of a commodity that rises in price during crisis
  2. 3. Supply and demand shift together, this results
  3. 6. Supply condition in a market
  4. 9. Can be _____ when government interfere with prices
  5. 13. Are this because they do not favor buys or sellers
  6. 14. Involved in managing a rationing system
  7. 15. Term describes the monetary value of a product
  8. 16. Amount bought and sold at equilibrium
  9. 18. Floor example often used to stablize farm income
  10. 19. Used to explain supply and demand behavior
  11. 20. Point where supply equals demand
  12. 22. Goal where everyone who wants a job has one
Down
  1. 1. Act as these, helping guide economic decisions
  2. 4. Events (like hurricanes) can shift supply
  3. 5. That can shift demand (eg income)
  4. 7. Legal highest price set by the government
  5. 8. Guaranteed price used in farm support programs
  6. 10. Issued method for dividing scarce goods in absence of prices
  7. 11. Of the economic goal: ensuring fair outcames
  8. 12. Minimum price
  9. 17. Gas prices increased demand for these types of vehicles
  10. 21. Condition where quantity demanded exceeds quantity supplied