Across
- 3. Goods that are demanded or consumed in place of another good
- 5. DISEQUILIBRIUM state of imbalance where quantity demanded (qd) is not equal to the quantity supplied (qs)
- 6. The intellectual capacity to organize and put together other factors of production to produce goods and services the society needs.
- 8. OF SUPPLY states that as price increases, quantity supplied increases
Down
- 1. It is caused by non-price determinants or factors.
- 2. to resources that can be attributed to the land or the sea.
- 4. MARKET ECONOMY Also known as capitalism
- 7. QUANTITY is the quantity demanded and quantity supplied at equilibrium