Down |
1. | downward sloping line that showes in graph form the quantities demanded at each price |
2. | economic rule stating that if two items satisfy the same need and the price of one rises people will buy the other |
3. | upward sloping line that graphs quantities supplied |
4. | price at which the amount producers are willing to supply |
5. | illegal market in which goods are traded |
6. | how people in the market place decide what to buy and at what price |
8. | how consumers respond to a given change in price |
10. | table showing quantities supplied at different possible prices |
11. | economic rule stating that the quantity demanded and what price move in opposite ways |
13. | ecomic rule that price and quantity move together |
14. | legal minimum price allowed which a good or service can be sold |
15. | if price changes and it doeant change the demand |
16. | represents the freely chosen actions between buyers and sellers of goods and services |
17. | when the demand is greater than the supply |