Across
- 6. when government controls supply and demand during a national emergency - WW2
- 7. value of a product that connects consumers and business within a market
- 8. quantity exceeds demand - prices are too high - way above equilibrium - people not buying
- 9. vouchers issued to consumers allowing them to buy certain limited products
- 11. losing money on advertised product, but gaining on the secondary purchases
- 12. least amount of money paid per hour - keeping consumers close to equilibrium
- 14. demand exceeds quantity - prices are low - way below equilibrium - shelves are empty
- 15. aka equilibrium price - range that promotes consumers to buy and manufacturers to sell
Down
- 1. consumers are buying and manufacturers are selling - many products - macro
- 2. a maximum price charged for a product usually above equilibrium - high prices
- 3. government subsidies - payments used to manipulate supply and demand - farm money
- 4. consumers are buying and manufacturers are selling - dealing with one product
- 5. minimum price charged for a product usually below equilibrium - low prices
- 10. manufacturer reimburses consumer to stimulate demand - price right below equilibrium
- 13. set up - organization of an economy- capitalism/socialism/communism