Business Economics

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Across
  1. 2. MACROECONOMICS
  2. 4. An individual who uses goods and services
  3. 5. The law explaining inverse relation between price and demand
  4. 8. Desires backed by ability to pay
  5. 9. Vertical demand curve shows it is
  6. 11. Price * Quantity = Total ___
  7. 12. Goods consumed together
  8. 15. When demand changes more than proportionately with price
Down
  1. 1. point where budget line & IC are tangent
  2. 3. The curve which shows all combinations of two giving same level of satisfaction
  3. 6. Total amount producers are willing to sell
  4. 7. Study of individual economic units
  5. 8. Demand curve usually slopes
  6. 10. Demand of necessity goods is generally
  7. 13. The study of how businesses allocate resources
  8. 14. Measures responsiveness of quantity demanded to price change