Microeconomics

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Across
  1. 3. factors that affect demand curve shift (not price)
  2. 6. a business structure owned by stockholders
  3. 9. any price or quantity that does not meet equi.
  4. 12. money that must be paid to gov't
  5. 16. supply exceeds demand
  6. 17. mutual reliance between two or more groups
  7. 19. demand that does not react to change in price
  8. 20. factors that may prevent people entering a market
  9. 21. the point where supply and demand curves meet
  10. 22. situation in which demand exceeds supply
  11. 24. market in which only a few sellers offer similar prod.
  12. 25. many competitors sell identical products
Down
  1. 1. creating real or perceived differences
  2. 2. study of econ behavior of individuals, households
  3. 4. actions or activities that one person does for another
  4. 5. legal obligation to pay a debt
  5. 7. removing gov't controls on business
  6. 8. all things used to make goods and services
  7. 10. business owned by two or more people
  8. 11. market in which there are many buyers but one seller
  9. 13. business owned by one person
  10. 14. physical outputs such as paper or electronics
  11. 15. competition companies sell products that are similar
  12. 18. control gov't restriction on price of good or service
  13. 23. demand that reacts to change in price