Unit 1 Vocab

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Across
  1. 4. When price goes up, supply goes up
  2. 5. The next best alternative
  3. 8. Added benefit of one more unit
  4. 11. Use resources as efficiently as possible
  5. 13. Economics decisions made by private individuals
  6. 14. Lure customers away from other businesses
  7. 16. Economics decisions made by government
Down
  1. 1. How much demand changes in response to price changes
  2. 2. Supply and demand are equal
  3. 3. Ideas to bring the other factors together
  4. 4. When price goes up, demand goes down
  5. 6. What you give up in an exchange
  6. 7. Unlimited wants and limited resources
  7. 9. Space and natural resources
  8. 10. Economic decisions made according to established customs
  9. 12. Workers time and effort
  10. 15. Economic decision making shared by individuals and goverment
  11. 16. Manmade resources