Economics Crossword Puzzle

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