Demand and supply

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Across
  1. 4. when elasticity of demand more than one
  2. 6. organization that transforms resources (inputs) into products (outputs)
  3. 7. good that can serve as replacement
  4. 10. good that consumer demand more of when their salary increases
  5. 11. the consuming units in an economy.
  6. 12. good that consumer demand less of when their income increase
Down
  1. 1. good that "go together"
  2. 2. condition that exists when quantity demanded exceeds quantity supplied at the current price.
  3. 3. condition that exists when quantity supplied exceeds quantity demanded at the current price
  4. 5. graph illustrating how much of a product a firm will supply per period of time at different prices.
  5. 8. when elasticity of demand less than one
  6. 9. sum of all households wages, salaries, profits, interest payments, rents, and other forms of earnings in a given period of time