The Market (Economics)

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Across
  1. 3. Mb=Mc
  2. 5. an amount of human satisfaction measured in units
  3. 6. acronym used to show what shifts a demand curve
  4. 10. when the price goes up,the quantity supplied goes up. when the price goes down the quantity supplied goes down
  5. 13. acronym used to show what shifts a supply curve
  6. 15. the intersection of the demand curve & the supply curve
  7. 18. returns to push price back to equilibrium
  8. 19. a situation where the quantity supplies is greater than quantity demanded(too much)
  9. 20. producers should produce more, should buy less
Down
  1. 1. the amount of a good or service people are willing and able to buy at a certain price over a period of time
  2. 2. the ideal price for buyers & sellers
  3. 4. when price goes up, quantity demanded goes down. when price goes down, the quantity demanded does up
  4. 7. amount of a good are service people are willing and able to buy at a certain price at a certain time
  5. 8. a situation where the quantity supplies is less than quantity demanded(not enough)
  6. 9. the amount of a good or service producers are willing & able to sell at all prices over a period of time
  7. 11. a max. price set by the gov.
  8. 12. producers should produce less, buyers should buy more
  9. 14. one more or additional unit of something
  10. 16. amount of a good or service producers are willing & able to sell at a certain price or certain time
  11. 17. floors, a min. price set by the gov.