Across
- 1. it is a table that shows the quantity demanded of a good or service at different price levels.
- 5. is the willingness of sellers to manufacture and sell a good or a product at various possible prices.
- 6. A comparison of alternatives
- 7. Refers to the limitation of resources (i.e., land, labor, capital and entrepreneurship) to be allocated properly to all sectors of the economy.
- 9. It is that branch of economics that focus on the impact of choices on the total or aggregate level of economic activities.
- 10. There are two participants in this model , namely households and firms.
Down
- 2. it is a graphic representation of the correlation between the cost of a good or service and the quantity supplied for a given period.
- 3. A field of knowledge concerned with managing scarce resources to satisfy unlimited wants and needs.
- 4. A branch of economics that is concerned with the behavior of individual consumers, firms, industries, commodities and prices. It studies how decisions made by individuals and businesses affect the prices of goods and services.
- 8. Is the amount of goods and services consumers are willing to purchase given a certain price.