Across
- 1. set rules or laws
- 3. sum of cost
- 8. change in price by buying a substitute
- 9. highest level of profit
- 11. willingness to produce and sell
- 12. benefit from using additional good
- 13. money made from additional unit sold
- 15. graph that shows demand schedule
- 19. business cost that vary
- 20. sell at higher price
- 23. expenses that business owners incur
- 24. desire to have a good
- 25. change in price = little change in quantity demand and supply
- 26. tax on production
Down
- 2. change in the amount of a good
- 4. price of resources needed to produce goods
- 5. graph that shows data from a market demand schedule
- 6. cost of producing one more unit
- 7. graph that shows data from supply schedule
- 8. product used in place of another
- 10. a substitution
- 14. goods the consumers demand
- 16. change in price =large change in quantity demand and supply
- 17. graph that shows data from market supply schedule
- 18. income a business recives
- 21. price= up quantity= down price= down quantity=up
- 22. goods that consumers don't demand
