Across
- 3. the amount paid for a good, service, or resource
- 7. the point at which the quantity supplied is equal to the quantity demanded
- 8. demand exists if the demand for a good or service is constant, even if the product’s price changes
- 11. desires for things that can be obtained without money
- 12. the cost for running a business
- 14. indication of how changes in price will affect changes in the amounts demanded
- 15. the study of how to meet unlimited, competing wants with limited resources
Down
- 1. items found in the environment that are
- 2. to produce goods and services
- 4. the monetary reward business owners receive in return for taking the risk involved in starting a business
- 5. One price compared to another
- 6. the money that a business spends
- 9. Whatever money comes into a business
- 10. The gap between limited resources and unlimited wants for goods and services
- 13. desires for things that may or may not be necessities
