The Economic Market
General1/13/2023
Horizontal Words
- The difference between a firm's total revenues and its total costs (6)
- The ability or strategy of firms to charge different customers different prices (19)
- A leftward shift in the whole demand curve due to favorable changes to one of th (16)
- Describes demand for a product that is highly responsive to changes in price (18)
- An extreme value of PED where a given percentage change in price has no impact o (23)
- Financial payment from the government to help reduce production costs for a firm (7)
- The sum of money received from the sale of a good or service (12)
- Describes demand for a product that is relatively unresponsive to changes in pri (20)
Vertical Words
- Any factor that determines the level of demand or supply in the market that are (15)
- Describes a PED value = ,1i.e. when the percentage change in the quantity demand (30)
- A leftward shift in the whole demand curve due to unfavorable changes to one of (16)
- Measures the extent to which the demand for a product change due to a change in (23)
- An Indirect charge imposed on the purchase of goods and services (8)
- A leftward shift in the whole supply curve due to favorable changes to one of th (16)
- A leftward shift in the whole supply curve due to unfavorable changes to one of (16)
- An extreme value of PED where a given percentage change in price leads to zero q (21)