Economics Key terms

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Across
  1. 7. network of buyers and sellers to exchange goods and services
  2. 9. of supply and demand curves
  3. 14. of the good sellers are willing to sell at a certain price
  4. 15. in price results in a small change in quantity demanded
  5. 16. Floor/Implemented by government to help producers
  6. 17. sense of well being or satisfaction a person derives from a good
  7. 18. in price results in a large change in quantity demanded
  8. 19. seeking the good or service
Down
  1. 1. offering the good or service
  2. 2. when there is an excess supply
  3. 3. of producing the good
  4. 4. amount of amount of money received for a good or service.
  5. 5. of good the buyers are willing to buy at a certain price
  6. 6. when there is an excess demand
  7. 8. Cost/The cost of producing another unit
  8. 10. Good/Demand increases when income decreases
  9. 11. Good/Demand increases when income increases
  10. 12. of good where an increase of price in one causes a rightward shift of demand curve for the other
  11. 13. Ceiling/Implemented by government to help consumers
  12. 20. Cost/The highest price the consumer would be willing to pay for an additional unit