Across
- 2. the quantity of a product that producers are willing and able to sell at different prices
- 3. all stages of a progress of product
- 9. the means of allocating resources in a market economy
- 10. alternative good
- 11. individuals or households who buys goods and services
- 14. a tax levied on goods or services
- 16. it's possible to stop someone from consuming a good or service
- 19. a place where buyers and sellers gets together to trade
- 20. a situation where consumers don't have full or complete information when making decision
Down
- 1. data from which supply curve is drawn on a graph
- 4. plotted line on a graph that shows the relationship between the quantity supplied and the price of the product
- 5. as quantity demanded increase as income increase
- 6. direct payments made by governments to a producer
- 7. a good that is thought to be desirable for consumers but which is underprovided by the market because of information failure
- 8. a good consumed with other one
- 12. consumption of a good or a service reduces the availability of the good or service for others
- 13. as quantity demanded increase as income decrease
- 15. 2 goods are consumed together
- 17. a good that is thought to be undesirable for consumers and is overproved by the market because of information failure
- 18. the quantity of a product that consumers are willing and able to buy at different prices per period of time
