our puzzling economy
Across
- 1. a listing that shows the various quantities of a product demanded and at all prices that might prevail at certain times
- 4. a change in prices causes a proportional change in quantity demanded
- 7. shows the quantity demanded of a product by everyone willing to buy it
- 8. a period of production that allows producers to change the variable input: amount of labor
- 10. area of economics that deals with the behavior and decision making of individuals
- 13. the amount of a good or product that’s available for sale
- 14. the government offers payment to an individual or business to encourage or protect economic activity
- 16. a change in prices causes a change in quantity demanded
- 19. the extra usefulness a consumer gets from using a product
- 20. the quantity of a good or service demanded varies with its price
- 21. period of production that allows producers to change the quantities of their resources
- 22. a change in the demand curve that shows the change in quantity demanded of a product when its price changes
- 23. a consumer’s desire to purchase a good or service and their willingness to pay a certain price
- 24. measure of responsiveness that shows how a dependent variable responds to a change in the independent variable
- 25. when a change in price causes a large change in the quantity demanded
Down
- 2. two goods that are commonly bought and used together
- 3. the extra usefulness a consumer gets from using a product
- 5. deals with the relationship between the factor of production and the output of goods and services
- 6. a graph that shows the quantity demanded at all possible prices in the market
- 9. people are willing to buy different amounts of a product but at the same price
- 11. a good that can replace another good when the price of the original one increases
- 12. when the price of an original product increases, consumers turn to cheaper alternatives or substitutes to buy instead
- 15. a change in price causes a small change in quantity demanded
- 17. change in quantity demanded because of a change in price that affects a consumer’s income
- 18. unprocessed and natural products used in production