The BOsS Economics

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Across
  1. 3. A business owned by one person
  2. 6. economy Economic decisions are made by individuals or the open market.
  3. 8. A market structure in which a few large firms dominate a market
  4. 10. when consumers react to an increase in a good's price by consuming less of that good and more of other goods
  5. 11. The application of scientific knowledge for practical purposes
  6. 13. money received, especially on a regular basis, for work or through investments.
  7. 15. total revenue minus total cost
  8. 17. a table that shows the relationship between the price of a good and the quantity demanded
  9. 18. What you expect prices to do in the future can influence your buying habits today.
Down
  1. 1. Trends and fashions that are highly desirable to the consumer
  2. 2. A focus on a particular activity or area of study
  3. 4. A legal maximum on the price at which a good can be sold
  4. 5. a graph of the relationship between the price of a good and the quantity supplied
  5. 6. the cost of producing one more unit of a good
  6. 7. an establishment formed to carry on commercial enterprise
  7. 9. A legal minimum on the price at which a good can be sold
  8. 11. fixed costs plus variable costs
  9. 12. A market in which there are many buyers but only one seller.
  10. 14. Price x Quantity
  11. 16. the change in consumption resulting from a change in real income