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