Across
- 4. System of allocating goods and services without prices.
- 6. Loan that carries neither penalty nor further obligation to repay.
- 7. Price floor for agricultural products set by the government to stabilize farm prices.
- 8. A fuel created from living materials.
- 12. Price where quantity supplied equals quantity demanded.
Down
- 1. Quantity of output supplied that is equal to the quantity demanded at the equilibrium price.
- 2. A simplified version of a complex behavior expressed in the form of an equation, graph, or illustration.
- 3. The highest legal price that can be charged for a product.
- 5. The lowest legal price that can be paid for a product.
- 9. Situation where quantity supplied is greater than quantity demanded at a given price.
- 10. The monetary value of a product.
- 11. Situation where quantity supplied is less than quantity demanded at a given price.