Across
- 3. ___ of production (ex. land)
- 5. ___economics: the study of individual behavior
- 6. Q supplied < Q demanded
- 8. Amount available for sale at all prices produced in one year
- 9. Scarce items that satisfy consumer wants
- 11. An act a consumer is willing to pay for
- 13. Goods used to make other goods
- 14. Adam ___ of the Invisible Hand theory
- 15. Turning resources into goods
Down
- 1. ___economics: the study of the overall economy
- 2. ___ economy is a blend of economic systems
- 4. Q supplied > Q demanded
- 7. How one economic variable reacts to a change in another
- 9. Market value of all goods/services
- 10. Amount of goods/services people are willing to buy
- 11. Limited availability of a resource
- 12. Market supply and demand balance