Across
- 2. he cost of borrowing money or the return on investment, typically expressed as a percentage
- 6. The goals or aims that guide the actions and decision-making of firms
- 7. The quantity of a product or service that consumers are willing and able to buy
- 10. Measures how sensitive sellers are to changes in price (
- 11. of scale The cost advantages that a firm experiences as it increases its level of production, resulting in lower average costs per unit
- 12. The study of the overall behavior and performance of an entire economy, including factors such as inflation, unemployment, and economic growth
- 14. goods a product or service which can command a price when sold.
- 15. good A good that is not scarce, and therefore is available without limit
Down
- 1. The study of individual economic behavior and decision-making within a specific market
- 3. and services Economic offerings that satisfy people's needs and wants
- 4. Measures how sensitive buyers are to changes in price
- 5. The level of production at which total costs equal total revenue, resulting in zero profit or loss (
- 8. Items that are necessary for survival
- 9. desires that are not essential
- 13. The quantity of a product or service that producers are willing and able to offer for sale
