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Module 2 Crossword

Horizontales
supply goods and services
the market determined opportunity cost of a good or service
The lowest hourly rate that firms can legally pay their workers
the amount of a good or service that producers are willing and able to sell at the current price
Attempt to set or manipulate prices through government involvement in the market
The type of demand condition in which consumers are responsive to the change in price
A good consumers buy as income falls
When the quantity supplied is more than the quantity demanded
"Opposite" of tax; government pays sellers to produce goods
Sellers and buyers come together to form a _____
Legally established minimum price for a good or sevice
Verticales
The resources used in production process
Two goods used together
The amount of good purchased at a given price
Illegal markets that arise where illegal goods are sold or legal goods are sold at illegal prices
Goods that can be used n place of each other
Legally established maximum price for a good or service
A good consumers buy more as income rises
The sum of consumer and producer surplus
Temporary ceilings on prices that sellers can't change during times of emergency
An allocation of resources that maximizes total surplus
The price that causes quantity supplied to equal the quantity demanded
When the quantity supplied is less than the quantity demanded
The part of an asset an individual owns