Econ 4 - 1

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Across
  1. 6. when government controls supply and demand during a national emergency - WW2
  2. 7. value of a product that connects consumers and business within a market
  3. 8. quantity exceeds demand - prices are too high - way above equilibrium - people not buying
  4. 9. vouchers issued to consumers allowing them to buy certain limited products
  5. 11. losing money on advertised product, but gaining on the secondary purchases
  6. 12. least amount of money paid per hour - keeping consumers close to equilibrium
  7. 14. demand exceeds quantity - prices are low - way below equilibrium - shelves are empty
  8. 15. aka equilibrium price - range that promotes consumers to buy and manufacturers to sell
Down
  1. 1. consumers are buying and manufacturers are selling - many products - macro
  2. 2. a maximum price charged for a product usually above equilibrium - high prices
  3. 3. government subsidies - payments used to manipulate supply and demand - farm money
  4. 4. consumers are buying and manufacturers are selling - dealing with one product
  5. 5. minimum price charged for a product usually below equilibrium - low prices
  6. 10. manufacturer reimburses consumer to stimulate demand - price right below equilibrium
  7. 13. set up - organization of an economy- capitalism/socialism/communism