Microeconomics - Joe Considine, Michael Quiram, Robert Biegun

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Across
  1. 4. Computed as the percentage change in quantity demanded of the first good divided by the percentage change in price of the second good
  2. 6. Situation in which market price has reached the level at which quantity supplied equals quantity demanded
  3. 7. Cannot produce all the goods and services people need
  4. 8. The manner in which the burden of tax is shared among participants in a market
  5. 10. Impact the well-being of a bystander
Down
  1. 1. Available factors of production and the available production technology are shown here
  2. 2. sold domestically but produced elsewhere
  3. 3. Not binding when above equilibrium price
  4. 5. Relationship between the price of the good and and quantity supplied shown on a graph
  5. 9. Prices in the economy rise