Ch2 Lessons 5

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Across
  1. 2. income, especially when of a company or organization and of a substantial nature.
  2. 6. a fundamental microeconomic principle stating that, all else being equal.
  3. 8. products frequently consumed together, where the demand for one increases when the price of the other falls.
Down
  1. 1. products or services that consumers view as similar or interchangeable, allowing one to replace another in consumption.
  2. 3. a basic economic principle stating that as the price of a product increases, producers are willing to supply more of it, and as the price decreases, they supply less.
  3. 4. ability to change and adapt.
  4. 5. an insistent and peremptory request.
  5. 7. the amount of product or service that sellers are prepared to provide in the market, determined by factors such as price, cost, and available resources.