Supply and Demand Crossword

economic rule stating that price and quantity supplied more in the same direction
the amount of goods that a producer is willing and able to supply at a specific price
price does not shift demand, increase demand= more quantity
the effect it has on demand is it refers on what people like and don't like. changes when item is more or less popular
as the amount of people in one place increases the demand increases, and vice versa
higher or more taxes on supplies that is need to produce a product mean it is not able to supply because of cost production.
improvement or use of science to make new methods to help something old work faster and or better
people wanting to make money; incentive of living in a market economy
when the price, supply and demand all meet at one point of the graph
price of imput, number of firms in industry, taxes and technology are called this
what equals a shift
similar product of more or less price
two goods that people buy one of and feel obligated to buy the other
quantity demand is greater than the quantity supply
quantity supply is greater than the quantity demand at current price
legal minimum price below which a good or service may not be sold
legal maximum price that may be charged for a particular good or service
chart shown in the law of demand
shows relationships between price and quantity demand
population increases demand increases, and vice versa. population and demand are directly related
a producer can supply more at a lower production cost. raw materials and wages are examples.
more firms in a industry, more quantities supplied at every price.
if a price increases, then Qd decreases and vice versa.
how much will someone buy at a specific price.
market relies on interactions between buyers and sellers