Name:___________________________________

Date:________________________

Score:_______________________

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EclipseCrossword.com

Across
4. When demand is inelastic and the price goes up, this happens to revenue
6. If we add individual supply or demand curves we obtain this curve
8. Goods that have no substitutes, are necessities and take a short time to save and purchase have this type of demand
13. This law states that as individuals obtain less satisfaction (utility) from additional units of a good, they will only buy larger quantities
at lower prices
15. When there is no change in the demand for a good despite the price increasing or decreasing, this type of demand exists
16. According to the law of supply, price and quantity move in this direction
17. If we have too much supply in the market to meet demand, we have this condition
18. If we do not have enough supply in the market to meet demand we have this condition
19. A consumer's demand curve is referred to as this

Down
1. In order to have supply we must have sellers who are willing to produce the product and who are also ________ to
2. If demand or supply decreases the demand or supply curve will shift in this direction
3. Goods that can no longer be produced have this type of supply curve
5. Price and demand continually see this
7. According to the law of demand, price and quantity demanded move in this direction
9. In order for demand to exist we need desire for the good and the ability to ____________ it
10. If demand or supply increases the demand or supply curve will shift in this direction
11. If you want to do well on the quiz tomorrow, Ms. Stewart would advise you do this!
12. Goods that have this type of demand have many substitutes, are generally luxuries and take a long time to purchase
14. When demand is elastic and the price goes up, this happens to revenue
17. The numerical chart that shows the law of supply and demand is called this