Across
- 3. When a consumer reacts to a rise in the price and consuming more of a substitute good
- 4. the amoount of money the company receives by selling its good
- 5. a cost of a good that does not change
- 7. Granst an author exclusive rights to publish and sell their creative works
- 9. says that when a goods price is lower, consumer will buy more of it
- 12. Study of econmic behavior in a nations whole economy
- 13. costs that rise or fall depending on the quantity produced
- 15. Shows the relationship between price and quantity
- 19. a table that lists the quantity of a good a consumer will purchase
- 20. the amount of a good or service that is available
Down
- 1. a graphic representation of a demmand schedule
- 2. Study of econmic behavior in small units
- 6. The rewards of penalty that encourages a person to behave a certain way
- 8. GDP
- 10. Arena of exchange
- 11. Gives the inventor of a new product the exclusive right to produce
- 14. a graphic representation of a supply schedule
- 16. The amount of money a business recieves in excess of expenses
- 17. the desire to own something and the ability to pay for it
- 18. Struggle among producers for dollars