Across
- 3. factors that affect demand curve shift (not price)
- 6. a business structure owned by stockholders
- 9. any price or quantity that does not meet equi.
- 12. money that must be paid to gov't
- 16. supply exceeds demand
- 17. mutual reliance between two or more groups
- 19. demand that does not react to change in price
- 20. factors that may prevent people entering a market
- 21. the point where supply and demand curves meet
- 22. situation in which demand exceeds supply
- 24. market in which only a few sellers offer similar prod.
- 25. many competitors sell identical products
Down
- 1. creating real or perceived differences
- 2. study of econ behavior of individuals, households
- 4. actions or activities that one person does for another
- 5. legal obligation to pay a debt
- 7. removing gov't controls on business
- 8. all things used to make goods and services
- 10. business owned by two or more people
- 11. market in which there are many buyers but one seller
- 13. business owned by one person
- 14. physical outputs such as paper or electronics
- 15. competition companies sell products that are similar
- 18. control gov't restriction on price of good or service
- 23. demand that reacts to change in price