Across
- 2. What you expect prices to do in the future can influence your buying habits today.
- 5. Trends and fashions that are highly desirable to the consumer
- 7. when consumers react to an increase in a good's price by consuming less of that good and more of other goods
- 10. Trends and fashions that are highly desirable to the consumer
- 11. What you expect prices to do in the future can influence your buying habits today.
- 12. money received, especially on a regular basis, for work or through investments.
- 13. a table that shows the relationship between the price of a good and the quantity demanded
- 14. an establishment formed to carry on commercial enterprise
- 16. Economic decisions are made by individuals or the open market.
- 18. A business owned by stockholders who share in its profits but are not personally responsible for its debtsStocks nshares of ownership in a company
- 19. A business in which two or more persons combine their assets and skills
Down
- 1. A business owned by one person
- 3. Price x Quantity
- 4. A legal minimum on the price at which a good can be sold
- 6. the change in consumption resulting from a change in real income
- 8. A legal maximum on the price at which a good can be sold
- 9. curve a graph of the relationship between the price of a good and the quantity supplied
- 15. graph of the relationship between the price of a good and the quantity supplied
- 17. A market structure in which a few large firms dominate a market