Economics Puzzle

6. The price at which supply and demand are equal
10. Increase in the level of output by a nation
12. The desire for goods and services
14. Money that is paid by a government or organisation to make prices lower. Usually to encourage production of a certain good.
16. Where total revenue is greater than total costs
18. Goods that are used to produce other goods
19. Basic requirements for human survival
20. The cost of any choice in terms of the next best alternative foregone.

1. Quantity decrease and price decrease in supply
2. The amount of money a firm receives from selling goods
3. The choice between two objectives where for one objective to increase, the other must decrease
4. Quantity decrease and price increase in demand
5. The measurement of the relative change in one variable when another is changed.
7. Quantity increase and price increase in supply
8. Goods that are consumed by households
9. The quantity of goods and services consumers are willing to buy at a given price
11. When the government increases tax on goods
13. The amount of goods being produced; the production of goods.
15. The quantity of goods and services firms are willing to offer for sale at different prices in a given period of time.
17. Quantity increase and price decrease in demand