Type
Crossword
Description

This crossword contains the following questions and answers:

The study of how individuals and firms influence the production, distribution, and consumption of goods and services in an economy Microeconomics
The amount of goods and services that consumers are willing and able to buy at different prices. Demand
The amount of good or service consumers are willing and able to buy for a given price. Quantity demanded
All other factors remain unchanged. Ceteris Paribus
Also known as an increase in quantity demanded Extension of demand
Assuming ceteris paribus, this law states that price and quantity demanded shares an inverse relationship Law of demand
Also known as a decrease in quantity demanded Contraction of demand
The total demand by all consumers for a product in a market. Market demand
Assuming ceteris paribus, this law states that price has a direct relationship with quantity supplied. Law of Supply
The amount of goods and services producers are willing and able to make and sell at different prices. Supply
The supply by one producer of a product in a market at a given price. Individual supply
The amount of goods and services producers are willing and able to make and sell at a given price. Quantity supplied
Also known as an increase in quantity supplied Extension of supply
Also known as a decrease in the quantity supplied Contraction of supply

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Supply and Demand Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

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

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Economics Supply and Demand Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

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

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Microeconomics Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

A diagram used to represent the monetary transactions in an economy. Circular Flow Diagram
The market place in which final goods or services are offered for purchase by consumers, businesses and public sector. Product market
A type of business entity that's owned and run by one person. Sole proprietorship
A type of business owned or run by two owners. Partnership
A financial gain. Profit
A company or group of people authorized to act as single entity. Corporation
A state of limited competition, in which a market is shared by a small number of producers. Oligopoly
Only one market gives services Monopoly
A type of market that sells similar products. Monopolistic Competition
The part of economics concerned with single factors and the effects of individual decisions. Microeconomics
A market where a business can go and purchase resources to produce goods and services Resource Market
Buyers will exchange with sellers when they want to purchase goods or services from sellers. Medium of exchange
All else equal, an increase n price results in an increase in quantity supplied Law of Supply
All other factors being equal, as the price of a good or service increase Law of Demand
Price of good or service of which quantity supplied is equal to quantity demand Market clearing price
A measure used in economics to show the responsiveness of the quantity demanded of a good or service to change in its price Price elasticity of demand
A measure used in economics to show the responsiveness or elasticity of the quantity supplied of a good or service to a change in price. Price elasticity of Supply
A market that has a broad range of cometitors who are selling identical products Pure Competition
Something that motivates or encourages someone to do something Incentive
An excess of production Surplus

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Supply and Demand Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

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

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Supply and Demand Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

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

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Economic Terms Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

The way a society organizes to produce, distribute, and consume goods and services. Economic System
Tradition determines how a society is organized to produce, distribute, and consume goods/services. Traditional
Individuals make most of the major decisions about production and distribution of goods and services Market
A central authority makes most of the major decisions about production and distribution of goods and services Command
Economic decisions are made by individuals, businesses, and government. Mixed
The worth of a good or service that is determined by the total cost of economic resources that went in to producing and providing a good or service. Value and Price
The amount of a resource, good, or service sellers are willing to sell at possible prices. Supply
How much people want of a good or service at a certain price at a certain time. Demand
People have desires that can be satisfied with goods or services Economic Wants
Human, natural, and capital resources used to produce a good or service. Economic Resources
Wants are unlimited and resources are limited. Scarcity
Goods and services are produced in better quality, quantity, and speed when someones focuses on one particular task. Specialization
People, businesses, and nations depend on others to produce their goods. Interdependence
Any place that allows buyers and sellers to trade goods and services Marketplace
Something that is used to buy and sell goods or services. Currency

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Economics Chapter 4 Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

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

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Entrepreneurship Vocab Review Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

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

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Chapter 6 and 7 Vocab. Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

The point where the demand and supply meet together Equilibrium
This occurs when the quantity demanded is more than quantity supplied Excess Demand
The maximum price that can be legally charged for a good Price Ceiling
a price ceiling placed on rent Rent Control
When quantity supplied exceeds quantity demanded at a given price Surplus
a situation in which the quantity demand is greater than the quantity supplied, Shortage
The financial and opportunity cost consumers pay in searching for a good or service Search Cost
The lowest price that an employer can pay a worker for an hour of labor Minimum Wage
A sudden shortage of a good Supply Shock
Dividing up goods and services using criteria other than price Rationing
This allows consumers to pay more so they can buy a good when rationing makes it otherwise unavaiable Black Market
Cost of production that affect people who lave no control over how much of a good is produced Spillover Cost
A product that is considered the same regardless of who makes or sells it Commodity
Factors that make it difficult for new firms to enter a market Barriers to Entry
A market structure in which a large number of firms all produce the same product Perfect Competition
this forms when barriers prevent firms from entering a market that has a single supplier Monopoly
When the monopolist mat be able to divide consumers into two or more groups and charge a different price for each group. Price Discrimination
They give a company exclusive rights to sell a new good or service for a specific amount of time Patent
This enables a monopolistically competitive seller to profit from the difference between his or her products an d competitors' products Differentiation
Describes a market dominated by a few large, profitable firms Oligopoly
Combination of two or more companies into a single firm Mergers
Laws the encourage competition in the marketplace Antitrust Law
Selling a product below cost to drive competitors out of the market Predatory Pricing
When the government no longer decides what role each company can play in a market and how much can charge its comsumers Deregulation
An agreement among sell at the same time or very similar prices Price Fixing
This refers to an agreement among members of an oligopoly to set prices and production levels Collusion

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Economics Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

Productivity = Output/__________. Input
Gifts of nature. E.g. trees, minerals and animals. Natural Resources
People who take risks and organise others to run a business. Entrepreneurs
People's physical or mental work or effort. E.g, Drivers, nurses, scientists or inventors. Human Resources
Too much supply or stock. Surplus
The maker/makers of a good or service. Producer
Goods that do not cost anything are called _____________. Free Goods
All decisions involve ____________. Trade Offs
Where the supply curve and the demand curve intersect. Equilibrium
A form of limited means. Opportunity
The study of choices. Economics
We have __________ wants. Unlimited
We have limited ________. Means
These people enjoy hoarding money rather than spending it. Misers
Things that will not regenerate naturally. Non Renewable
A graphical representation of a demand schedule. Demand Curve
All other things held constant. Ceteris Paribus
A determinant of demand. Income
Noodles, used cars, used clothes are all examples of ____________. Inferior Goods
Luxury cars, sea foods, jewellery and homes are all examples of __________. Luxury Goods
A synonym of determinant. Shifter
The different quantities of a good that sellers are willing and able to sell. Supply
The type of relationship between price and quantity supplied. Direct
A person or company that produces goods for sale. Manufacturer
Something everyone desires in order to purchase wanted goods. Money
When we have limited means, we must _________. Choose
Things individuals would like to have, but aren't necessary to survive. Wants
Things individuals must have in order to survive. Needs
Where money is stored. Vault
Goods that individuals and households consume are called ________. Consumer Goods

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