Economics Chapter 6 Vocab

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Across
  1. 2. financial aid consumers pay when searching for a good
  2. 5. maximum price that can be legally charged for a good
  3. 6. When quantity supplied is more than quantity demanded
  4. 10. minimum price for a good
  5. 12. system of allocating scarce goods using criteria other than price
  6. 13. point at which quantity demanded and quantity supplied are equal
Down
  1. 1. Situation in which quantity supplied is greater that quantity demand, also known as excess supply
  2. 2. sudden shortage of a good
  3. 3. Costs of production that affect people who have no control over how much of a good is produced
  4. 4. describes any price or quantity not at equilibrium
  5. 7. market in which goods are sold illegally
  6. 8. when quantity demanded is more than quantity supplied
  7. 9. Situation in which quantity demanded is greater than quantity supplied, also known as excess demand
  8. 11. minimum price an employer can pay a worker
  9. 14. price ceiling placed on rent