Reed-SSEMI3

3. graph that goes up
5. having too little of a product
9. an upward sloping curve depicting the positive relationship between price and quantity supplied
11. people who make a product
12. price of a good or service at which quantity supplied is equal to quantity demanded, also called the equilibrium price.
14. The total demand for a product or service in the market as a whole.
15. the performance of duties or the duties performed by someone
19. people who buy something
22. the responsiveness of producers to changes in the price of their goods or services
24. sensitive to changes in price or income

1. the amount of a product
2. cost, technology, number of sellers
4. minimum price to be sold at
6. a product
7. income, consumer preferences, number of buyers, prices of related goods
8. amount of something(labeled on graphs)
10. the responsiveness of a good's quantity demanded to a change in its price
13. supply and demand for a good or service varies due to the price
16. insensitive to changes in price or income
17. graph that goes down
18. the rivalry among sellers
20. the need for a product
21. maximum price to be sold at
23. a situation in which supply and demand are matched and prices stable.
25. having too much of something