All About Economics Crossword Puzzle

QUESTIONS LIST: supply : the entire relationship between the price of a good and the quantity supplied of it when all other influences on producers' planned sales remain the same, normal good : a good for which demand increases as income increases, oligopoly : an industry with only a few firms, law of demand : the law which states that, other things remaining the same, the higher the price of a good, the smaller is the quantity demanded of it, and vice versa, utility : a measure of happiness that economists suppose people use to compare all possible things that they may experience, monopoly : a firm that has no competitors in its industry, demand curve : a line on a graph that represents how much of a good or service buyers will consume at various prices, law of supply : the law which states that, other things remaining the same, the higher the price of a good, the greater is the quantity supplied of it, and vice versa, equilibrium price : the price at which the quantity demanded equals the quantity supplied, inflation : when the overall level of prices in the economy is rising, quantity demand : the amount of a good or service that consumers plan to buy during a given time period at a particular price, deflation : when the overall level of prices in the economy is falling, fixed costs : costs that have to be paid even if a firm isn't producing anything, perfect competition : a situation where numerous small firms producing identical products compete against each other in a given industry, opportunity cost : the value of the next best alternative thing you could have done, demand : the entire relationship between the price of a good and the quantity demanded of it when all other influences on buyers' plans remain the same, capital : machines, factories, and infrastructure used to produce output, gdp : the market value of all final goods and services made within the borders of a country in a year.