Type
Crossword
Description

The amount of goods available Supply
The higher the price, the more will be produced Law of Supply
A factor that can change Variable
A chart showing how much of a good will be offered at a given price Supply Schedule
A graph showing amount supplied versus the price Supply Curve
A way to measure how price affects the quantity Elasticity of Supply
A cost that will not change no matter the circumstance Fixed Cost
Fixed Cost + Variable Cost Total Cost
The cost of producing one or more units of a good Marginal Cost
Added income that comes from selling one or more uniits of goods Marginal Income
An increase in labor production due to an increase in workers Increasing Marginal Returns
Who is the best teacher? Mr Haws
the change in output by hiring more labor Marginal Product of Labor

Supply and Demand Crossword

Type
Crossword
Description

The amount of goods available. Supply
When producers offer more of a good as its price increases. law of supply
The amount that a supplier is willing and able to supply at a specific price. Quantity supplied
A cost that rices or falls depending on the quantity produced. Variable cost
A cost that does not change. fixed cost
A tax on the production or sale of a good. Excise tax
The sum of fixed costs plus variable costs. Total cost
The cost of producing one more unit of a good. marginal cost
The total cost divided by the quantity produced. Average cost
The cost of operating a facility such as a factory or a store. Operation cost
The desire to own something and the ability to pay for it. Demand
To buy more of a good when its price is lower. law of demand
when consumers react to an increase in a goods price by consuming less. Substitution effect
The change in consumption that results when a price increases causes real income to decline. income effect
A table that lists the quantity of a good a person will buy at various prices in a market. Demand schedule
A table that lists the quantity of a good all consumers in a market will buy at various prices. market demand
a graphic representation of a demand schedule. demand curve
A good that consumers demand more when their incomes increases. normal good
A good that consumers demand less of what their incomes increase. Inferior good
The statistical characteristics of population and population segments. demographics
A measure of how consumers respond to price change. Elasticity of demand
The total amount of money a company receives by selling goods or services. total revenue

Supply and Demand Crossword

Type
Crossword
Description

When a good's price is lower, consumers will buy more of it. When the price is higher, consumers will buy less of it. law of demand
The desire to own something and pay for it. demand
A graphic representation of a demand schedule. demand curve
Table that lists the the quantity of a good that a person will purchase at various prices in a market. demand schecule
The amount of money the receives by selling it's goods. total revenue
The amount of goods available. supply
Producers offer more of a good as its price increases and less as its price falls. law of supply
the amount that a supplier is willing and able to supply at a specific price. quantity supplied
A graph of the quantity supplied of a good at various prices supply curve
The sum of fixed costs plus variable costs total cost
The cost of producing one more unit of a good. marginal cost
The total cost divided by the quantity produced. average cost
Government intervention in a market that affects the production of a good. regulation
The change in consumption that results when a price increase causes real income to decline income effect

Economics Supply and Demand Crossword

Type
Crossword
Description

a move along a demand curve to the left contraction
the amount a customer is willing to pay for a good price
given by government to encourage more production of a good and lower price subsidy
determinant of supply weather
quantity a producer is willing and able to produce at a given price in a given period supply
this occurs when firms leave the industry supply decreases
customers become concerned about the production effects of a product on the ........... environment
this occurs as a result of improved productivity increase in supply
the amount a person is willing and able to pay for a good effective demand
government imposes an ........ ... which is then used to educate people about the dangers of the good indirect tax
price achieved in market increases (from producer's point of view) extension in supply
tastes shift towards the good concerned demand increase
mathematical relationship between price and quantity demanded inverse
determinant that increases demand when it increases income
type of good when increase in price of one good (A) causes demand for another good (B) to increase substitute
should interest rates on credit cards increase, demand for holidays ..... falls
a firm stops paying overtime leading to lowered ..... .. .......... costs of production
coffee with cream is example of these goods complementary
customers buy more of these goods when their income decreases inferior
innovation in computers - supply determinant technology

fundamentals of economics Crossword

Type
Crossword
Description

a steady long term increase in real GDP economic growth
the loss of potential gain from other alternatives when one alternative is chosen opportunity cost
goods used to produce more goods capital goods
a person who uses a good or service consumers
another name for a centrally planned govt. comand economy
there is no such thing as a free lunch TINSTAAFL
give up one benefit to gain another trade-off
the rivalry among sellers trying to achieve such goals as increasing profits competition
a general increase in prices across an economy inflation
a risk-taker in search of profits entrepreneur
a income that does not increase even when prices go up fixed income
study of how people satisfy unlimited wants through careful use of realtive scarce resource economics
physical objects that somone produces goods
the power of consumers to decide what gets producded consumer sovereignty
a financial gain profit
economic system that relies on habit traditional economy
any government system that provides monetary assistance to people with an inadequate or no income. social security
gross domestic product GDP
how much it is worth in money value
the accumulation of products that are tangible, scarce, useful, and transferable from one person to another wealth
mental/physical work or production labor
shortage scarcity
an economy in which prices and wages are determined mainly by supply and demand market economy

Chapter 5 Crossword

Type
Crossword
Description

amount of a product a producer would be willing to offer for sale at all possible prices supply
Price goes up Supply goes up, Price goes down Supply goes down. Law of supply
a table that shows the quantities for sale or produced at each possible price supply schedule
a graph that shows quantities supplied at each and every price. supply curve
What causes a change in the amount offered for sale change in price
The introduction of a new machine that can lower the cost of production. technology
Government payment to protect a certain economic activity. subsidy
Easy to increase supply elastic
the extra output in total product caused by adding a worker marginal product
Fixed plus Variable cost total cost
most useful measure of cost marginal cost

Supply and Demand Crossword

Type
Crossword
Description

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

Entrepreneurship Vocab Review Crossword

Type
Crossword
Description

Person who works for someone else employee
Person who provides a product or service for someone else for money entrepreneur
Process of running a business of one's own entrepreneurship
Things used to create products or services resources
Person who is a customer consumer
Business that makes the products it sells manufacturing
Money made from providing a good or service income
Costs for supplies used in business expenses
Result when income is greater than expenses profit
Amount added to the cost to determine selling price markup
Federal, state, or local government tax charged on goods sales
Creative problem-solving method that involves coming up with a large number of fresh ideas brainstorming
List of things to be discussed or done in a meeting agenda
Amount subtracted for the retail price to determine the selling price markdown
Making choices and satisfying the wants and needs of consumers economics
Occurs because people's wants and needs are unlimited while the resources needed to produce goods and services are limited scarcity
How much of a good or service a producer is willing and able to produce at different prices supply
Costs that must be paid no meter how much of a good or service is produced fixed
An individual's need or desire for a product or service at a given price demand
Value of the next best alternative opportunity cost
Costs that go up and down depending not he quantity of the good or serve produced variable
Products and services that are brought in from another country to be sold exports
Expenses that a business has every month operating
Financial statements based on estimates pro forma
Item of value owned by a business assets
One-time only expenses that are paid to open a business start up costs
Amount of sales that must be made to cover all of the costs of a business breakeven point

Econ Crossword Chapter 5

Type
Crossword
Description

The amount of goods available. supply
Producers offer more of a good as its price increases, and less as its price falls. law of supply
The amount that a supplier is willing and able to supply at a specific price. quantity supplied
A chart that lists how much of a good a supplier will offer at various prices. supply schedule
A factor that can change. variable
A chart that lists how much of a good all suppliers will offer at various prices. market supply schedule
A graph of quantity supplied of a good at various prices. supply curve
A graph of the quantity supplied of a good by all suppliers at various prices. market supply curve
A measure of the way quanity supplied reacts to a change in price. elasticity of supply
The change in output from hiring one additional unit of labor. marginal product of labor
A level of production in which the marginal product of labor increases as the number of workers icreases. increasing marginal returns
A level of production at which the marginal product of labor decreases as the number of workers increases. diminishing marginal resturns
A cost that does not change. fixed cost
A cost that rises or falls depending on the quantity produced. variable cost
The sum of fixed costs plus variable costs. Total cost
The cost of producing one more unit of a good. marginal cost
The additional income from sellig on more unit of a good. marginal revenue
The total cosst divided by the quantity produced. average cost
The cost of operating a facility. operating cost
A government payment that supports a business or market. subsidy
A tax on production or sale of a good. excise tax
Government intervention in a market that affects the production of a good. regulation

Supply and Demand Crossword

Type
Crossword
Description

Desire to have some goods or service and the ability to pay for it. Demand
Graph that shows how much of a good or service an individual will bring at each price. Demand Curve
Table that shows how much of a good or service an individual is willing and able to buy at each price. Demand Schedule
Describes how responsive consumers are to price changes in the market place. Elasticity of Demand
When a change in price leads to a relatively smaller change in the quanitity demanded. Inelastic
Term used for a change in the amount of a product that a consumer will buy because the purchasing power of their income change. Income Effect
States that when the price of a good or service falls, consumers buy more of it. Law of Demand
Shows the data found in the market demand schedule. Market Demand Curve
Shows how much of a good or service all consumers are willing and able to buy at each price in market. Market Demand Schedule
Goods that consumers demand more of when their income rise. Normal Goods
Goods and services that can be used in place of other goods and services to satisify consumer wants. Substitutes
Use of one product increased the use of another product Complements
Amount of money a company receives for selling its products. Total Revenue
Consequence of specializaation or labor Interdependdency
Each new worker causes total output to grow but at a decreasing rate. Diminishing Returns
Measure of how responsive producers are to a price change in the market place. Elasticity of Supply
Expenses that the owners of a business must incur whether they produce a good or service Fixed Cost
price of the resources needed tp produce a good or service. Input costs
States that producers are willing to sell more of a good or service at a higher price Law of supply
Additional cost of producing one more unit of their product Marginial Cost

Economics Chapter 4 Crossword

Type
Crossword
Description

Describes the various amounts of a product that someone is willing and able to buy over a range of prices demand
a listing that shows the quantity demanded at all possible prices. demand schedule
Price goes up-Demand goes Down, Price goes down-Demand goes up. Law of Demand
graph showing the quantity demanded at every possible price demand curve
extra usefulness or satisfaction marginal utility
movement along the demand curve is called a ______________ in quantity demanded change
when consumers alter their quantity demanded based their incomes not buying as much. income effect
when the demand curve shifts to the right or left Change in demand
goods used in place of on one another substitutes
goods that are used together compliments
measures the responsiveness a consumer reacts to a price change Elasticity
Goods that you will keep buying despite a price increase has ____________ demand inelastic