Across
- 3. scarce economic resource
- 5. demands for goods and services exceeds the supply
- 6. demand increases when income increases
- 7. the higher the price the higher the quantity demanded
Down
- 1. ability of an object to resume its normal shape after being stretched
- 2. demand decrease when income increases
- 4. the higher the price the lower the demand
- 5. excess quantity demanded in market