ECONOMICS CROSSWORD

Edit Answers
1234567891011121314151617181920212223
Across
  1. 1. a good that can be used in place of another good, such as Coke and Pepsi.
  2. 4. 2 words - a maximum price set by the government
  3. 6. 2 words - a minimum price set by the government
  4. 7. 2 words - efforts by local, state, and federal governments to redistribute money to those in need for which there are no goods or services exchanged
  5. 8. 2 words - a graphical representation of the Law of Supply, showing the relationship between price and quantity supplied
  6. 10. mandatory contribution levied on individuals or corporations by a government entity—whether local, regional, or national
  7. 11. How the Law of Supply describes the relationship between price and quantity supplied
  8. 14. when the quantity demanded exceeds the quantity supplied at a given price
  9. 15. direct or indirect payment to individuals or firms, usually in the form of a cash payment from the government or a targeted tax cut
  10. 21. 2 words - the difference between what consumers are willing to pay for a good or service and what they actually pay for it
  11. 22. 2 words - a graphical representation of the Law of Demand, showing the relationship between price and quantity demanded
  12. 23. Government actions to influence specific aspects of the economy at a microeconomic or macroeconomic level
Down
  1. 2. 4 words - It states that -- ceteris paribus -- as the price of a good or service increases, the quantity supplied for that good or service also increases.
  2. 3. 2 words - the difference between the price a producer receives for a good or service and the minimum price they are willing to accept
  3. 5. the point at which the quantity demanded equals the quantity supplied, resulting in a stable market price
  4. 7. 4 words - It states that as the price of a good or service decreases -- ceteris paribus -- the quantity demanded for that good or service increases.
  5. 9. it measures how sensitive quantity demanded is to changes in price
  6. 12. 2 words - all other things being equal;factors other than price remain constant
  7. 13. it measures how sensitive quantity demanded is to changes in price of other goods or services
  8. 16. it measures how sensitive quantity demanded is to changes in income
  9. 17. 2 words - the lowest payment that a worker may be paid, as mandated by the government
  10. 18. the relationship between price and quantity demanded according to the Law of Demand
  11. 19. when the quantity supplied exceeds the quantity demanded at a given price
  12. 20. a good that is typically consumed together with another good, like hot dogs and hot dog buns