Across
- 6. revenue tells you exactly how much money your business generates before expenses
- 7. one in which the change in quantity demanded due to a change in price is large
- 12. the price of a good or service increases, the quantity of goods or services increases and vice versa.
- 15. a representation of the relationship between the price of a good or service and the quantity supplied for a given period of time.
- 16. represents the relationship between the price of a good or service and the quantity demanded for a given period of time.Markett the total amount of an item producers are willing and able to sell at different prices, over a given period of time
- 18. the number of goods or services that suppliers will produce and sell at a given market price
- 19. Demand shifters include changes in any combination of the following factors
Down
- 1. the total amount of a good or service that consumers demand over a given interval of time
- 2. A variable that can change the quantity of a good or service supplied at each price
- 3. transforms raw materials and components into a finished product that's delivered to a customer
- 4. a good whose use is related to the use of an associated or paired good
- 5. table that shows the quantity supplied at each price.
- 8. The law of demand states that quantity purchased varies inversely with price.
- 9. make (something needed or wanted) available to someone; provide.
- 10. a table that shows the quantity demanded of a good or service at different price levels
- 11. the total quantity demanded by all consumers in a market for a given good
- 13. substance or material not elastic.
- 14. The key consideration when thinking about maximizing revenue is the price elasticity of demand
- 15. a sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.
- 17. taxes imposed on certain goods, services, and activities.
