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