Across
- 1. occurs when there is an excess supply
- 5. the amount of amount of money received for a good or service.
- 8. intersection of supply and demand curves
- 9. quantity of the good sellers are willing to sell at a certain price
- 11. change in price results in a small change in quantity demanded
- 12. party offering the good or service
- 16. The highest price the consumer would be willing to pay for an additional unit
- 18. a network of buyers and sellers to exchange goods and services
- 19. the sense of well being or satisfaction a person derives from a good
- 20. quantity of good the buyers are willing to buy at a certain price
Down
- 2. occurs when there is an excess demand
- 3. Demand increases when income increases
- 4. party seeking the good or service
- 6. change in price results in a large change in quantity demanded
- 7. The cost of producing another unit
- 10. costs of producing the good
- 13. Implemented by government to help consumers
- 14. Implemented by government to help producers
- 15. Demand increases when income decreases
- 17. type of good where an increase of price in one causes a rightward shift of demand curve for the other