Across
- 3. Reaction of consumers to a price change.
- 9. Trading one thing for another.
- 10. Economic analysis concerned with decisions made by individuals.
- 13. The point where supply and demand curves meet.
- 15. Price of things increase, real income decreases.
Down
- 1. The result is more than one.
- 2. Studies the economy as a whole.
- 4. Redistribution of income and wealth by means of the government.
- 5. Does not include inflation.
- 6. Price increases, people buy less.
- 7. Taking account of inflation.
- 8. What is something everyone would consume if things were unlimited?
- 11. Assuming someone will receive the same happiness.
- 12. Relationship What is the relationship when income goes down so does the demand?
- 14. Normal income increases along with the demand.