Economics Marcus Yu

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Across
  1. 1. Acronym for Demand ceteris paribus conditions.
  2. 4. A graphical representation showing the relationship between price and quantity supplied.
  3. 6. Label of the horizontal axis on a Supply and demand curve.
  4. 7. The quantity of a good or service that producers are willing and able to offer at a given price.
  5. 8. A tax imposed on goods or services.
  6. 9. Acronym for Supply ceteris paribus conditions.
  7. 14. A graphical representation showing the inverse relationship between price and quantity demanded.
  8. 16. As the price of a good falls, the quantity demanded increases, ceteris paribus.
  9. 17. The type of good consumed together.
  10. 18. A place where buyers and sellers engage in exchange.
  11. 19. As the price of a good rises, the quantity supplied increases, ceteris paribus
Down
  1. 2. When quantity supplied exceeds quantity demanded.
  2. 3. Specific amount of a good or service that consumers are willing and able to purchase.
  3. 4. The type of good that can replace each other.
  4. 5. The state of the market where quantity demanded equals quantity supplied.
  5. 10. Latin phrase meaning all other things being the same.
  6. 11. When quantity demanded exceeds quantity supplied.
  7. 12. The quantity of a good or service that consumers are willing and able to purchase at variouos prices.
  8. 13. Amount of money required in payment for a good or service.
  9. 15. Potential benefit lost when one alternative is chosen over another.