How Markets Work

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Across
  1. 2. The Law of ____ claims that when price rises quantity demanded falls.
  2. 4. demand=supply
  3. 5. Minimum wage is an example of a price ____.
  4. 6. Coca-cola and Pepsi are _____ goods
  5. 8. Rent Caps are an example of a price ______.
  6. 9. A car and petrol are ______ goods.
  7. 10. How sensitive demand is to price change.
Down
  1. 1. Government regulations on maximum and minimum prices of specific goods or services.
  2. 3. If the price of an xbox increases the demand for xbox games would ____.
  3. 6. The _____ curve is the relationship between price and quantity supplied.
  4. 7. Petrol is an example of an _______ good.