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Demand and Supply

D. Ali

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Across
2.The people who purchase goods
4.When Supply increases and Demand stays the same, _____ demanded will increase
6.When 2 goods can be used in place of eachother e.g. Coke and Pepsi
9.The study of the economy
11.Goods that are supplied together (2 Words)
13.A change in the quantity Demanded or supplied
16.The willingness and ability to purchase a good
18.When quantity demanded is more than quantity supplied
19.To have unitary Price elasticity of supply the supply curve must pass through this
20.The total amount of a specific good or service that is available to consumers
Down
1.A change in Demand or supply
3.The degree of responsiveness of quantity demanded to price
5.When quantiy demanded is not very responsive to changes in price, demand for the good is said to be:
7.At this point Demand = Supply
8.If Demand increases and Supply is unchanged, this will increase
10.___________ elasticity of demand is the degree of responsiveness of quantity demanded to changes in income
12.Those who supply goods
14.When quantiy demanded is very responsive to changes in price, demand for the good is said to be:
15.When price elasticity of Demand is equal to 1
17.When quantity supplied is more than quantity demanded

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