Econ Vocabulary 9/21-10/26*

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Across
  1. 2. Describes demand or supply that changes a lot when price changes.
  2. 4. A business owned by two or more people who share responsibilities and profits
  3. 8. Describes demand or supply that changes very little when price changes.
  4. 16. A market structure with many firms selling similar but differentiated products.
  5. 19. A situation in which quantity supplied is greater than quantity demanded
  6. 20. A market structure dominated by a small number of large firms.
  7. 21. Obstacles that make it difficult for new firms to enter a market.
  8. 22. Government financial assistance that lowers the cost of producing or buying a good
  9. 24. The point where quantity demanded equals quantity supplied
  10. 25. Trading goods or services directly without using money
Down
  1. 1. Goods or services made distinct from competitors through features, quality, branding, or design
  2. 3. Goods that are commonly used together, such as cars and gasoline.
  3. 5. A company that owns or controls another company
  4. 6. business owned and operated by one person.
  5. 7. A market condition in which quantity demanded and quantity supplied are not equal.
  6. 9. A tax placed on the sale or production of a specific good
  7. 10. business that operates using another company's brand, products, and business system
  8. 11. Goods that can be used in place of one another.
  9. 12. A market structure with one seller and high barriers to entry.
  10. 13. Factors that can change and affect an economic outcome.
  11. 14. Characteristics of a population, such as age, income, or education.
  12. 15. A business organization legally separate from its owners.
  13. 17. The amount of a good or service producers are willing and able to sell at different prices
  14. 18. A situation in which quantity demanded is greater than quantity supplied
  15. 23. The amount of a good or service consumers are willing and able to buy at different prices