Across
- 2. table used to show the quantity of a demanded good at different prices
- 6. occurs when there are more supplies than needed
- 7. eonomic law that states price increases create increases in quantity
- 8. total amount of a good/service
- 10. states that changes in price can result in change of supply/demand
- 11. graph used to show amount willingness to buy vs. price
- 12. factors that influence the quantity of a product/service
Down
- 1. What principal describes a consumers desire/willingness to pay
- 3. market price when the supply of goods are equal to the demand
- 4. summarizes information about supply price and quantity
- 5. graph used to show the relation between product & quantity
- 9. economic law that states as prices increase demand decreases