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Economics Chapters 4-5

Across
Fundamental principle of economic theory which states that, keeping other factors constant, an increase in price results in an increase in quantity supplied.
Set price of a good.
Equal to total cost divided by the number of unit of a good produced
The demand for an item.
The basic relationship between scarcity and choice.
When the item is there in bulk.
Conditional on all else being equal, as the price of a good increases, quantity demanded decreases.
Table showing the quantity demanded of a good or service at different price levels.
Responsiveness of producers to changes in the price of their goods or services.
The responsiveness of the quantity demanded or supplied of a good to a change in its price.
Statistical data relating to the population and particular groups within it.
Down
One component of the effect of a change in the price of a good upon the amount of that good demanded by a consumer, the other being the income effect.
Back up for something.
With other conditions remaining the same.
How much of a good is given out.
The time when something is wanted.
Total receipts from sales of a given quantity of goods or services.
Measure of a variable's sensitivity to a change in another variable.
The static quantity of a good or service when its price changes.
How badly an item is wanted
How much of the item then have.