Across
- 2. Producers _______ in a price ceiling.
- 3. The government will often provide this in a price floor.
- 4. A minimum price that a product can be sold for.
- 5. A result of a price ceiling.
- 8. A maximum price that a product can be sold for.
- 10. Prices above the midpoint on a linear demand curve are ____________.
- 11. A linear demand ________ has a constant elasticity.
- 12. A price ceiling will result in a _____________.
- 13. A good that is perfectly inelastic has a ___________ quantity demanded.
Down
- 1. In a price floor consumers are _______ affected.
- 3. The result of a price floor.
- 4. The demand for a good that has a perfect substitute.
- 6. There is a constant _______ for a perfectly elastic product.
- 7. Perfect Elasticity has a ____________ demand curve.
- 9. On a ___________ demand curve, elasticity decreases as the price falls and the quantity demanded increases.