Economics Puzzle
Across
- 2. Businesses are interested in knowing their
- 3. Are expenses that the owners of a business must incur whether they produce nothing, a tittle, or a lot
- 5. Shows the data found in the market demand schedule
- 7. Is a tax on the production or sale of a specific good or service
- 9. Are the price of the resources needed to produced a good or service
- 10. When a change in price leads to a relatively smaller change in the quantity demanded
- 12. A graph that shows how much of a good or service an individual producer is willing and able to offer for sale at each price
- 15. Shows the data from the market supply schedule
- 16. Are goods that consumers demand more of when their incomes rise
- 17. The level of production where it realizes the greatest amount of profit
- 19. The willing ness to buy a good or service and the ability to pay for it
- 21. Which states that the marginal benefit from using each additional unit of a good
- 22. States that producers are willing to sell more of a good or service at a higher price that they are at a lower price
- 23. A change in the amount of a product that a consumer will buy because the purchasing power of his or her income changes
- 24. Are business costs that vary as the level of production output changes
- 25. Goods and services that can be used in place of other goods and services to satisfy consumer
Down
- 1. Is the income a business receives from selling a product
- 2. Is the added revenue per unit of output
- 4. A graph that shows how much of a good
- 6. Businesses find the
- 8. The use of one product increases the use of another product, the two products
- 11. The willingness and ability of producers to offer goods and services for sale
- 13. The act of controlling business behavior through a set of rules or laws, can also effect supply
- 14. The pattern of behavior that occurs when consumers react to a change in the price of a good or service by buying a substitute product
- 18. Consumers buy more of it
- 20. When a change in price, either up or down, leads to a relatively larger change in the quantity demanded
- 26. Are goods that consumers demand less of when their incomes rise