Across
- 1. - Any price or quantity not at equilibrium; when quantity supplied is not equal to quantity demand in market.
- 3. - A maximum price that can legally be charged for a good or service.
- 6. - When quantity is supplied more than quantity demanded.
- 9. - Minimum price that an employer can pay a worker for an hour of labor
- 11. - A price ceiling placed on apartment rent.
- 13. - A market in which goods are sold illegally, without regard for gov. controls on price or quantity.
- 14. - A system of allocating scarce goods and services using criteria other than price
Down
- 2. - The financial and opportunity costs that consumers pay when searching for a good and service
- 4. - The quantity of goods that a firm has on hand.
- 5. - The paint at which the demand for a product or service is equal to the supply of that product/service
- 7. - A situation in which consumers want more of a good or service than the producers are willing to make available at a particular price.
- 8. - A product that is popular for a short time period.
- 10. - The sudden shortage of a good.
- 12. - Minimum price for a good or service