How Markets Work
Across
- 2. A good whose demand will remain stable despite rise or fall of prices
- 4. As prices go up, demand goes down
- 6. The government needs to know if the demand for a good will rise or fall with price when it considers whether or not to _________ something.
- 9. An example of a good whose demand will not change with price fluctuations
- 12. the mother of invention. Also, a determinant of demand
- 14. A determinant for demand
- 15. When consumers compare multiple products when considering whether to buy or not.
- 17. driving force behind all economic activity
Down
- 1. The way the American Free Enterprise System works
- 3. A good whose demand will change with price
- 5. Philosopher/Economist who pioneered capitalism
- 7. A number calculated by market forces
- 8. The stable price where quantity supplied maches quantity demanded.
- 10. As price goes up, supply goes up
- 11. Where goods are bought and sold in a capitalist system
- 13. A central component of a capitalist system.
- 16. Our Unit EQ: Is our economic system and the way we determine prices _____________