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Across 2. quantity of good demanded is inverse to price 4. when the economy is slowing down 7. a market with a single seller 12. father of Communism 13. concentrating on production of one good 14. nonrival & nonexcludable 15. spillover of benefit or cost onto a nonconsumer or producer of the good 17. several firms agreeing to act together to control competition 19. wants exceed resources 20. where buys & sellers exchange goods 21. Adam Smith's most famous book 22. quantity demanded exceeds quantity supplied 25. buyers & sellers exchange goods 26. equipment and buildings used to produce goods 27. opportunity costs paid for with money 29. intangible items we value 30. study of choices we make between wants and scarce resources 31. rise in overall price level 32. items we value

Down 1. value of all goods & services produced by a country in a set period 3. value of best forgone alternative 5. a few firms that control a market 6. cost that varies with output 8. revenue derived from the production of one more good 9. cost of producing one more good 10. price times quantity sold 11. inputs used to produce goods 16. father of economics 18. human work to produce a good 23. change in quantity demanded exceeds change in price 24. period of significant decline in output and employment 28. economist listed on pg 237 of text