Economics Crossword Puzzle

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Across
  1. 4. the change in consumption resulting from a change in real income
  2. 5. focus on a particular activity or area of study
  3. 6. A market in which there are many buyers but only one seller.
  4. 10. Trends and fashions that are highly desirable to the consumer
  5. 11. Economic decisions are made by individuals or the open market.
  6. 13. A business owned by one person
  7. 15. A legal maximum on the price at which a good can be sold
  8. 16. The application of scientific knowledge for practical purposes
  9. 17. fixed costs plus variable costs
  10. 18. A legal minimum on the price at which a good can be sold
Down
  1. 1. Price x Quantity
  2. 2. money received, especially on a regular basis, for work or through investments.
  3. 3. What you expect prices to do in the future can influence your buying habits today.
  4. 5. a graph of the relationship between the price of a good and the quantity supplied
  5. 6. the cost of producing one more unit of a good
  6. 7. a table that shows the relationship between the price of a good and the quantity demanded
  7. 8. when consumers react to an increase in a good's price by consuming less of that good and more of other goods
  8. 9. an establishment formed to carry on commercial enterprise
  9. 12. total revenue minus total cost
  10. 14. A market structure in which a few large firms dominate a market