Across
- 2. people who use goods and services to satisfy their wants
- 5. the situation that exists when supply is greater than demand
- 8. minimum prices on certain objects
- 11. the ratio between two services
- 13. actual price at any particular moment
- 14. the situation that exist when demand is greater than supply
- 15. the amount of money paid for a good
- 16. monetary reward a business owner receives
Down
- 1. a function of relative prices that is necessary
- 3. a phenomenon that occurs when changes in relative pricess cause buyers to replace the purchase of one product with another
- 4. amount of satisfaction a good or service will provide a customer
- 6. people who make or provide goods and services
- 7. equilibrium price
- 9. a function of relative prices that determines who gets the goods and services
- 10. the minimim price producers are willing and able to recive for a product
- 12. a maximum legal price,can change for certain products