Economics- Word Search
Across
- 3. any factor that makes it hard to enter a new market
- 4. minimum price set by the government that must be paid for a serice or good
- 5. amount of goods/services a producer willing and able to offer at various price
- 8. good that consumers demand less of when their income increases
- 10. sum of the supplies of all sellers in a market
- 11. two goods used together
- 13. same product,no matter who produces it
- 14. market based economic system with some government involvment
Down
- 1. as the price of a good increases, quantity demanded decreases
- 2. based on customs/beliefs handed down by genration
- 6. method a society uses to produce and distribute goods and services
- 7. maximus price that can be legally changed for good
- 9. goods used in place of one another
- 10. a market dominated by a single seller
- 12. desire to own something and the ability to pay for it