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Across 2. Trends and fashions that are highly desirable to the consumer 5. If producers expect future price to be higher, they will try to hold on to their inventories and offer the products to the buyers in the future thus capturing the higher price 6. the greater the price, the less your income can buy 7. Consumption increases with an increase in income 8. As more firms enter the market, more and more of the good in question gets produced. 9. As the price goes up the quantity supplied goes up, inverse is true 10. the actual demand curve will shift because there has been a change in demand 12. the quantities people are willing and able to buy at various prices 14. the worth of a good or service as determined by the market 16. Price changes of products that consumers can live without and that has many substitutes 17. The producer has to pay for resources such as raw materials, machinery, and labor. If they are short on supplying a certain number of products because of an increase in input costs, supply will decrease. 18. Producer is more willing to produce a good or service than the consumers are willing to buy 20. Why does a market exist? 22. easy to increase and decrease production 23. Responsiveness of producers to changes in the price of their goods or services 29. The actual supply curve will shift because there has been a change in supply 31. the amount of satisfaction that you receive from a good or service 32. The percent change in quantity demanded given a percent change in price 33. A producer can produce more than one product but because money is limited, if they increase supply for one product, supply of the other will decrease 34. Number of buyers in the market 35. If two items satisfy the same needs, and the price of one good rises, then people will buy more of the lower prices items 36. The sum of the individuals demands in a given market

Down 1. the amount of additional satisfaction a consumer receives diminishes with each additional unit 3. as price goes up quantity demanded goes down, inverse is also true 4. A chart that illustrates the various quantities suppliers are willing to sell at various prices 11. Technological improvements help reduce production cost and increase profit, thus stimulate higher supply 13. The additional amount of saticfaction from the same product 15. buyers will substitute a lower priced good or service for a similar higher priced good or service 19. A product often times used with other goods 21. Consumers responsiveness to an increase or decrease in the price of a product 24. The qualities sellers are willing and able to produce at various prices; the amount of good that is available to buy 25. The price has little to do with amount demanded, and the goods are necessities 26. Consumption decreases when the available income increases 27. a chart that illustrates the various quantities people are willing to purchase at various prices 28. Consumers sometimes predict that the price or availability of a product is likely to change in the future. 30. Monetary assistance granted by the government to a person or a group in support of an enterprise regarded as being in the publics interest