Across
- 2. system of allocating goods and services without prices
- 3. price where quantity supplied equals quantity demanded (2 words, no space)
- 5. the lowest legal price that can be paid for a product (2 words, no space)
- 7. the monetary value of a product
- 8. a fuel created from living materials
- 10. situation where quantity supplied is less than quantity demanded at a given price
- 12. quantity of output supplied that is equal to the quantity demanded at the equilibrium price (2 words, no space)
Down
- 1. price floor for agricultural products set by the government to stabilize farm prices (2 words, no space)
- 4. the highest legal price that can be charged for a product (2 words, no space)
- 6. situation where quantity supplied is greater than quantity demanded at a given price.
- 9. loan that carries neither penalty nor further obligation to repay (2 words, no space)
- 11. simplified version of a complex concept or behavior expressed in the form of a graph, figure, equation, or diagram (2 words, no space)