Economics Crossword

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Across
  1. 2. a product or service that consumers see as essentially the same or similar-enough to another product
  2. 7. an economic theory that predicts how the price of goods and services affects their supply
  3. 8. table that shows the quantity demanded of a good or service
  4. 11. the change in output that results from employing an added unit of labor
  5. 13. a good that experiences an increase in demand due to an increase in a consumer's income
  6. 15. the static quantity of a good or service when its price changes
  7. 17. a table that shows the quantity supplied at each price
  8. 19. the use of population data as a way to study the patterns of behavior among groups of people that impact the economy
  9. 20. a direct or indirect payment to individuals or firms, usually in the form of a cash payment from the government or a targeted tax cut
  10. 22. a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time
  11. 24. average fixed cost equals the total variable cost per unit of produced quantity
  12. 25. the total amount of money that a company earns through the selling of its goods and services, over a time period
  13. 26. taxes levied on specific goods or services like fuel, tobacco, and alcohol
  14. 27. the change in total production cost that comes from making or producing one
  15. 30. an item that becomes less desirable as the income of consumers increases
  16. 31. the cost that is required to produce a product
  17. 34. measures how much the quantity supplied of a good or service changes when there is a price change
  18. 35. an economic concept used to measure the change in the aggregate quantity demanded of a good or service in relation to price movements of that good or service
  19. 36. ongoing expenses incurred from the normal day-to-day of running a business
  20. 38. a tabulation of the quantity of a good that all consumers in a market will purchase at a given price
  21. 39. adding an additional factor of production results in smaller increases in output
  22. 40. takes place when the demand and subsequent sales numbers for a particular product decrease as the result of a price increase
Down
  1. 1. the degree to which demand responds to a change in an economic factor
  2. 3. as the price of a good or service increases, the quantity of goods or services increases
  3. 4. the number of goods or services that suppliers will produce and sell at a given market price
  4. 5. the quantity purchased varies inversely with price
  5. 6. describes how an increase in income can change the quantity of goods that consumers will demand
  6. 9. a table that lists the quantity supplied for a good or service that suppliers throughout the whole economy are willing and able to supply at all possible prices
  7. 10. an expense that changes in proportion to production output or sales
  8. 12. The scenario where the additional unit of a variable factor of production results in higher output per unit, given that all other factors are constant
  9. 14. indicators that show us the current trends in the economy
  10. 16. all variables are the same
  11. 18. costs that are independent of volume
  12. 21. rules that limit who can enter a business (entry controls) and what prices they may charge
  13. 23. a given percentage change in price leads to an equal percentage change in quantity demanded or supplied
  14. 28. a graph that shows the relationship between price and supply
  15. 29. the increase in revenue that results from the sale of one additional unit of output
  16. 32. a good that adds value to another good when they are consumed together
  17. 33. a graph that shows the relationship between price and supply
  18. 37. An increase in orders and shipments of capital good