Economics

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Across
  1. 1. A graph of the quantity supplied of a good by all suppliers at various prices (3 words)
  2. 3. the change in consumption that results when a price increase causes income to decline (2 words)
  3. 5. how consumers respond to price changes (3 words)
  4. 7. The change in output from hiring one more worker (4 words)
  5. 9. when a consumer is sensitive to a price change they are ______
  6. 10. a graph of the quantity demanded of a good at various prices(2 words)
  7. 14. the amount that a supplier is willing and able to supply at a specific price (2 words)
  8. 16. if elasticity is exactly equal to one, demand is ____ ____ (2 words)
  9. 18. the additional cost of producing one more unit (2 words)
  10. 21. a measure of the way quantity supplied reacts to a change in price (3 words)
  11. 23. consumers will buy more if it's cheaper and less if it is more expensive (3 words)
  12. 26. the total cost divided by the quantity produced will get you _____ (2 words)
  13. 27. What you get when you add variable cost and fixed cost (2 words)
  14. 28. Costs that do not change no matter how much of a good is produced (2 words)
  15. 30. are goods bought and used in place of another good
  16. 31. the desire to own something and the ability to pay for it
  17. 32. a government payment that supports a business or Market
  18. 33. a factor that can change
  19. 34. shows the quantities demanded at various prices by all consumers in the market (3 words)
  20. 35. goods that you would not buy if your income increases (2 words)
  21. 36. shows the relationship between prices and the total quantity supplied by a firm in a market (3 words)
  22. 37. government intervention in a market that affects the price, quantity, or quality of a good
  23. 38. are 2 goods usually bought and used together
Down
  1. 1. the additional income from selling one more unit of a good (2 words)
  2. 2. when a consumer is not sensitive to a price change they are ________
  3. 4. producers offer more of a good as its price increases and less as its price Falls (3 words)
  4. 6. goods that consumers demand more of when their income increases (2 Words)
  5. 8. consumers react by buying an alternative, similar item because of a price increase (2 words)
  6. 11. Costs that change as the level of production changes (2 words)
  7. 12. the cost of operating a facility (2 words)
  8. 13. statistical characteristics of populations
  9. 15. shows the relationship between price and quantity supplied for a specific good (2 words)
  10. 17. amount of money the company receives by selling its goods (2 words)
  11. 19. a graph of the quantity supplied of a good at various prices (2 words)
  12. 20. marginal returns a level of production at which the marginal production of Labor decreases as the number of workers increases (3 words)
  13. 22. a level of production in which the marginal production of labor increases as the number of workers increases (3 words)
  14. 24. a table that lists the quantity of a good that a person will purchase at various prices (2 words)
  15. 25. a tax on the production or sale of a good (2 words)
  16. 29. "all other things held constant" (2 words)