Across
- 2. statement that attempts to describe the world as it is
- 3. consumers want more of a good or service than producers are willing to make available
- 4. state of economy when prices have risen 20% or more
- 7. increase in price with quality of goods remaining the same
- 8. stock that is associated with companies that operate in major consumer dependent industries
- 9. ability to produce a good at lower opportunity cost
- 11. what consumers are willing and able to buy at different prices
- 12. group of buyers and sellers
- 13. slope of a line
- 14. those of think at the margin
- 16. whatever must be given up to obtain it
- 19. when the income exceeds than production cost
- 20. what producers are willing and able to sell at different prices
- 22. company's net worth
- 23. increase in price with quality of goods remaining the same
- 27. when the production or consumption of a good affects bystanders
- 28. stock with low market price due to historical earnings
Down
- 1. goods that are inversely affected by income
- 3. stock that is of very high risk
- 5. study of households and firms make decisions and interact
- 6. study of economic wide phenomena
- 10. advantage to produce a good using fewer input
- 12. incremental adjustments to existing plan
- 15. minimum legal price a producer can sell a product
- 17. statement that is an opinion on how the world works
- 18. something that induces a person to act
- 21. when supply equals demand
- 24. most typical stock
- 25. goods that demand increase with income and decrease with income
- 26. volume the number of shares being bought and traded