Across
- 2. a minimum price set on goods and services
- 4. How much it costs to buy a product.
- 6. How much there is of a product.
- 7. Supply is greater than demand (too much product)
- 8. the quantity of goods or service that people are willing to buy at a given price
- 9. No shortage or surplus- the supply and demand are equal (balance)
Down
- 1. when using this kind of pricing strategy producers sell products at lower prices to attract customers away from rival producers.
- 3. the maximum price at which goods and services can be sold.
- 5. the quantity of goods that producers are willing to sell at a given price
- 7. demand is greater than supply (not enough product)