Across
- 4. The law of supply is the microeconomic law that states that, all other factors being equal, as the price of a good or service increases,
- 6. The law of demand is a fundamental principle of economics that states that at a higher price, consumers will demand a lower quantity of a good
- 8. The market clearing price is the price at which the demand for a good by consumers is equal to the number of goods that can be produced at that price.
- 10. The equilibrium price is where the supply of goods matches demand. When a major index experiences a period of consolidation or sideways momentum
- 12. a graph showing how the demand for a commodity or service varies with changes in its price.
- 13. A supply curve is a representation of the relationship between the price of a good or service and the quantity supplied for a given period of time.
- 14. Not a lot of something to be left
- 15. the amount of something
Down
- 1. A relative price is a price of a product or service measured in comparison to the price of another product.
- 2. In economics, quantity demanded refers to the total amount of a good or service that consumers demand over a given period of time.
- 3. the amount or number of a material or immaterial thing not usually estimated by spatial measurement.
- 5. price is the price set by the market
- 7. an amount of something left over when requirements have been met; an excess of production or supply over demand.
- 9. what everyone wants
- 11. a person or thing acting or serving in place of another.