Supply and Demand

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Across
  1. 2. A minimum price set by the government to protect producers by preventing prices from going too low
  2. 5. As the price of a good or service increases, the quantity demanded decreases, and vice versa
  3. 6. An illegal market in which goods are traded at prices or quantities higher than those set by law
  4. 8. A maximum price set by the government to protect consumers by preventing prices from going too high
  5. 10. The amount of money a firm receives in the course of doing business - quantity sold times price
  6. 11. The point at which the quantity demanded by consumers equals the quantity supplied by consumers
  7. 13. The controlled distribution of a limited supply of a good or service
  8. 15. The quantity of a good or service that producers are willing and able to offer at various prices
Down
  1. 1. A product that satisfies the same basic desire as another product
  2. 3. The quantity of a good or service that consumers are willing and able to buy at various prices
  3. 4. A product that is used or consumed jointly with another product
  4. 7. The amount of money spent by a firm in the course of doing business
  5. 9. The amount of money made by a firm in the course of doing business - revenue minus expenses
  6. 12. As the price of a good or service increases, the quantity supplied increases, and vice versa
  7. 14. A measure of the degree to which the quantity demanded or supplied changes in response to a change in price