Across
- 2. situation in which quantity supplied is greater than quantity demanded
- 4. making an itemized list of merchandise or supplies on hand
- 6. when quantity supplied is more than quantity demanded
- 7. when quantity demanded is more than quantity supplied
- 8. point at which quantity demanded and quantity supplied are equal
- 9. costs of production that affect people who have no control over how much of a good is produced
- 11. market in which goods are sold illegally
- 14. financial and opportunity costs consumers pay when searching for a good or service
- 15. maximum price that can be legally charged for a good or service
Down
- 1. minimum price for a good or service
- 3. price ceiling placed on rent
- 5. describes any point or quantity not at equilibrium
- 9. situation in which quantity demanded is greater than quantity supplied
- 10. sudden shortage of a good
- 12. minimum price that an employer can pay a worker for an hour of work
- 13. something that is very popular for a short time
- 16. system of allocating scarce goods and services using criteria other than price