Across
- 3. supply is higher than demand,usually due to prices being too high
- 5. no independent buyers/sellers have control over prices of standardized goods or services
- 6. trade barriers between nations to protect domestic industries
- 8. fee charged for goods brought into a country from another country
- 9. situation where quantity demanded at a specific price and quantity supplied
- 10. market structure where one seller offers a product without a close substitute
Down
- 1. many sellers offering similar, but not standardized products
- 2. structure with four sellers offering the same product
- 4. demand is higher than supply,usually due to prices being too low
- 7. willingness and ability of a producer to produce a product