Across
- 2. Describes demand or supply that changes a lot when price changes.
- 4. A business owned by two or more people who share responsibilities and profits
- 8. Describes demand or supply that changes very little when price changes.
- 16. A market structure with many firms selling similar but differentiated products.
- 19. A situation in which quantity supplied is greater than quantity demanded
- 20. A market structure dominated by a small number of large firms.
- 21. Obstacles that make it difficult for new firms to enter a market.
- 22. Government financial assistance that lowers the cost of producing or buying a good
- 24. The point where quantity demanded equals quantity supplied
- 25. Trading goods or services directly without using money
Down
- 1. Goods or services made distinct from competitors through features, quality, branding, or design
- 3. Goods that are commonly used together, such as cars and gasoline.
- 5. A company that owns or controls another company
- 6. business owned and operated by one person.
- 7. A market condition in which quantity demanded and quantity supplied are not equal.
- 9. A tax placed on the sale or production of a specific good
- 10. business that operates using another company's brand, products, and business system
- 11. Goods that can be used in place of one another.
- 12. A market structure with one seller and high barriers to entry.
- 13. Factors that can change and affect an economic outcome.
- 14. Characteristics of a population, such as age, income, or education.
- 15. A business organization legally separate from its owners.
- 17. The amount of a good or service producers are willing and able to sell at different prices
- 18. A situation in which quantity demanded is greater than quantity supplied
- 23. The amount of a good or service consumers are willing and able to buy at different prices