Economics Vocab 4
Across
- 4. – the lowest price a worker can be paid under the law
- 5. – where the demand and supply curves meet; where the amount of a product at a certain price perfectly satisfies the demand for that product
- 7. – the value of a product in terms of money dependent of supply and demand
- 8. – highest price that can be charged for a good under the law
- 9. – when there is not enough of a product to satisfy all of those who want to buy it
Down
- 1. – when the government decides how much one person should get of a product or good
- 2. – a chart used to predict the economy using supply and demand curves
- 3. – a goal price for a service or good in response to the economy and supply and demand curve
- 6. – a refund after an amount has been paid
- 8. – lowest price that can be charged for a good under the law
- 9. – when there is more product than people want to buy