Across
- 3. the amount of money needed to produce one additional unit is called this
- 5. a straight line that slopes upward from left to right
- 7. To economists, this means satisfaction
- 11. type of good that people can be prevented from using
- 12. this is an example of a nonexcluable public good (in your notes)
- 13. a straight line that slopes downward from left to right
- 15. amount of money that a business pays to produce a product
- 16. price is increased to help suppliers eliminate this
Down
- 1. goods that can be felt or touched
- 2. this type of demand is usually associated with necessities
- 4. government money that tend to shift supply curves to the right
- 6. some supply curves go in this direction
- 8. households sell this to businesses
- 9. the total amount of money that a business receives from sale of its product
- 10. the only factor that can change quantity demanded or quantity supplied
- 14. this is really measuring the consumer response to price changes