How Markets Work

2. A good whose demand will remain stable despite rise or fall of prices
4. As prices go up, demand goes down
6. The government needs to know if the demand for a good will rise or fall with price when it considers whether or not to _________ something.
9. An example of a good whose demand will not change with price fluctuations
12. the mother of invention. Also, a determinant of demand
14. A determinant for demand
15. When consumers compare multiple products when considering whether to buy or not.
17. driving force behind all economic activity

1. The way the American Free Enterprise System works
3. A good whose demand will change with price
5. Philosopher/Economist who pioneered capitalism
7. A number calculated by market forces
8. The stable price where quantity supplied maches quantity demanded.
10. As price goes up, supply goes up
11. Where goods are bought and sold in a capitalist system
13. A central component of a capitalist system.
16. Our Unit EQ: Is our economic system and the way we determine prices _____________