Economics Vocabulary

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Across
  1. 3. When a consumer reacts to a rise in the price and consuming more of a substitute good
  2. 4. the amoount of money the company receives by selling its good
  3. 5. a cost of a good that does not change
  4. 7. Granst an author exclusive rights to publish and sell their creative works
  5. 9. says that when a goods price is lower, consumer will buy more of it
  6. 12. Study of econmic behavior in a nations whole economy
  7. 13. costs that rise or fall depending on the quantity produced
  8. 15. Shows the relationship between price and quantity
  9. 19. a table that lists the quantity of a good a consumer will purchase
  10. 20. the amount of a good or service that is available
Down
  1. 1. a graphic representation of a demmand schedule
  2. 2. Study of econmic behavior in small units
  3. 6. The rewards of penalty that encourages a person to behave a certain way
  4. 8. GDP
  5. 10. Arena of exchange
  6. 11. Gives the inventor of a new product the exclusive right to produce
  7. 14. a graphic representation of a supply schedule
  8. 16. The amount of money a business recieves in excess of expenses
  9. 17. the desire to own something and the ability to pay for it
  10. 18. Struggle among producers for dollars