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Economic Demand & CFM

Puzzle Type: Educational
Economics SSEMI 1 & 2: R. Baker
Horizontales
is a general measure of responsiveness that relates changes of a dependent variable such as quantity to changes in an independent variable such as price
goods sold for final consumption to a consumer
the area of economics that deals with behavior and decision making by small units, such as individuals and firms
the desire, ability, and willingness to buy a product
the quantity demanded of a good or service varies inversely with its price
a method or agreed upon standard for exchanging one thing for another
a measure of responsiveness that tells us how a dependent variable such as quantity responds to a change in an independent variable such as price
two goods that are bought and used together
land, labor, capital, and entrepreneurship
to improve production, producers buy the four factors of production
is a listing that shows the various quantities demanded of a particular product at all prices that might prevail in the market at a given time
quantity demanded—will help analyze these issues
the change in consumption resulting from a change in real income
a graph showing the quantity demanded at each and every price that might prevail in the market
depicting how money flows through the economy. In the most simple version, the economy is modeled as consisting only of households and firms
Verticales
Since money flows between households, businesses, and government, each depends on the other for the economy to function smoothly
the demand curve that shows the quantities demanded by everyone who is interested in purchasing the product
the extent to which a change in price causes a change in the the quantity demanded of a good or service
the extra usefulness or satisfaction a person gets from acquiring or using one more unit of a product
provides law and order, structure, and even necessary goods and services that the market might not provide
individual or group that occupy a single housing unit (residence)