Across
- 4. An excess of resources
- 6. The concept in economics that the price of something is inversely proportional to its demand
- 7. A good or service that is easily replaced
- 10. The price at which the quantity supplied is equal to the price demanded, clearing the market
- 12. The price at which a good or service can be acquired at market
- 13. The amount of something that is purchased by consumers at market price
- 14. A graph used to show the relationship between the demand for a product and its price
- 15. The amount of something that you have
Down
- 1. The price at which supply and demand are perfectly balanced, as all things should be
- 2. The degree to which people want something
- 3. A graph that shows the relationship between the price of something and its supply
- 5. The concept in economics that the price of something should be proportional to its supply
- 8. A scarcity of resources
- 9. The amount of a product that is demanded
- 11. The price of a good or service when compared to another
