Economics Crossword

3. the financial and opportunity costs consumers pay when searching for a good or service
4. a minimum price that an employer can pay a worker for an hour of labor
6. describes any price or quantity not at equilibrium
7. a system of allocating scarce goods and services using criteria other than price
11. a minimum price for a good or service
13. A sudden shortage of a good
15. a maximum price that can legally be charged for a good or service
16. situation in which quantity demanded is greater than quantity supplied; excess demand
17. a price ceiling placed on rent

1. when quantity demanded is more than quantity supplied
2. a market in which goods are sold illegally
5. the point at which quantity demanded and quantity supplied are equal
8. situation is which quantity supplied is greater than quantity demanded; excess supply
9. When quantity supplied is more than quantity demanded
10. costs of production that affect people who have no control over how much of a good is produced
12. a product that is popular for a short period of time
14. the amount of goods a firm has on hand