Economics Puzzle

2. Businesses are interested in knowing their
3. Are expenses that the owners of a business must incur whether they produce nothing, a tittle, or a lot
5. Shows the data found in the market demand schedule
7. Is a tax on the production or sale of a specific good or service
9. Are the price of the resources needed to produced a good or service
10. When a change in price leads to a relatively smaller change in the quantity demanded
12. A graph that shows how much of a good or service an individual producer is willing and able to offer for sale at each price
15. Shows the data from the market supply schedule
16. Are goods that consumers demand more of when their incomes rise
17. The level of production where it realizes the greatest amount of profit
19. The willing ness to buy a good or service and the ability to pay for it
21. Which states that the marginal benefit from using each additional unit of a good
22. States that producers are willing to sell more of a good or service at a higher price that they are at a lower price
23. A change in the amount of a product that a consumer will buy because the purchasing power of his or her income changes
24. Are business costs that vary as the level of production output changes
25. Goods and services that can be used in place of other goods and services to satisfy consumer

1. Is the income a business receives from selling a product
2. Is the added revenue per unit of output
4. A graph that shows how much of a good
6. Businesses find the
8. The use of one product increases the use of another product, the two products
11. The willingness and ability of producers to offer goods and services for sale
13. The act of controlling business behavior through a set of rules or laws, can also effect supply
14. The pattern of behavior that occurs when consumers react to a change in the price of a good or service by buying a substitute product
18. Consumers buy more of it
20. When a change in price, either up or down, leads to a relatively larger change in the quantity demanded
26. Are goods that consumers demand less of when their incomes rise