DEMAND AND SUPPLY

3. A type of good whose demand increases when consumer income rises.
6. The raw materials, labor, and machinery used to produce goods and services.
8. A good that is typically consumed together with another good.
10. A good that can be used in place of another good to satisfy a similar want.
12. The amount of a good or service that producers are willing and able to offer for sale.
14. An individual or group that purchases and uses goods or services.
15. An entity that creates, manufactures, or supplies goods and services.

1. The willingness and ability of consumers to purchase a good or service at various prices.
2. A type of good whose demand decreases when consumer income rises.
4. A Latin phrase meaning all other relevant variables are held constant.
5. Any place or mechanism where buyers and sellers meet to trade.
7. The condition when quantity demanded is greater than quantity supplied at the current price.
9. The market situation where quantity demanded equals quantity supplied.
11. The condition when quantity supplied is greater than quantity demanded at the current price.
13. The amount of money required to purchase a unit of a good or service.