Economics crossword

4. Trends and fashions that are highly desirable to the consumer
7. a graph of the relationship between the price of a good and the quantity supplied
9. A focus on a particular activity or area of study
12. A business owned by one person
13. What you expect prices to do in the future can influence your buying habits today.
16. the cost of producing one more unit of a good
17. the change in consumption resulting from a change in real income
18. A market in which there are many buyers but only one seller.
20. Economic decisions are made by individuals or the open market.

1. Price x Quantity
2. The application of scientific knowledge for practical purposes
3. money received, especially on a regular basis, for work or through investments.
5. when consumers react to an increase in a good's price by consuming less of that good and more of other goods
6. an establishment formed to carry on commercial enterprise
8. A legal maximum on the price at which a good can be sold
10. fixed costs plus variable costs
11. A market in which there are many buyers but only one seller.
14. total revenue minus total cost
15. a table that shows the relationship between the price of a good and the quantity demanded
19. A legal minimum on the price at which a good can be sold