Natalie Microeconomics Midpoint Review

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Across
  1. 3. one party's consumption doesn't prevent another party's consumption
  2. 5. when the quantity supplied is greater than the quantity demanded
  3. 9. when the quantity demanded is greater than the quantity supplied
  4. 12. As price decreases, the quantity demanded increases. As the price increases, the quantity demanded decreases
  5. 13. As the price decreases, the quantity supplied decreases. As the price increases, the quantity supplied increases
  6. 15. when the seller can keep nonpayers from consuming the product
Down
  1. 1. when a firm is one of a few that produces a particular good
  2. 2. what people prefer
  3. 4. when the seller can't keep nonpayers from consuming the good
  4. 6. when a firm produces a good that no other firm produces
  5. 7. consumption by one party's prevents another party's consumption of the product
  6. 8. money received as income
  7. 10. a business
  8. 11. what allows people to purchase goods
  9. 14. amount of revenue remaining after paying costs