Across
- 2. Surplus is the quantity supplied is ..... than the quantity demanded at a given price
- 4. Shortage is the quantity ...... is greater than quantity supplied at a given place
- 8. quantity demanded is equal quantity supplied
- 11. excess demand of a product
- 12. A point at which quantity demanded does not equal quantity supplied
- 13. a person willing and able to buy a product
Down
- 1. a market where there are no government controls
- 3. You put the supply and demand curve on the same graph to determine the ....
- 5. What situation is a firm in if they put up their prices and increase quantity supplied?
- 6. excess supply of a product
- 7. If there is a surplus, what will happen to the quantity demanded?
- 9. If there is a surplus a firm will .... prices and reduce quantity supplied
- 10. a person willing and able to sell