Chapter 6 Economics Vocab

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Across
  1. 2. done or bought about by free choice
  2. 4. situation where quantity supplied is greater than quantity demanded at a given price
  3. 6. price floor for agricultural products set by the government to stabilize farm prices
  4. 7. price where quantity supplied equals quantity demanded
  5. 10. the lowest legal price that can be charged for a product
  6. 14. favoring neither one side or another
  7. 15. simplified version of a complex concept or behavior expressed in the form of a graph, figure, equation, or diagram
  8. 16. the highest legal price that can be charged for a product
  9. 17. the monetary value of a product
Down
  1. 1. to make steady or unchanging
  2. 3. loan that carries neither penalty nor further obligation to repay
  3. 5. randomly or by chance
  4. 8. fuels created from living materials
  5. 9. situation where quantity supplied is less than the quantity demanded at a given price
  6. 11. characteristics used to make a decision or judgment
  7. 12. system of allocating goods & services without prices
  8. 13. the rise & fall uncertainly