Microeconomics Crossword Puzzle

QUESTIONS LIST: price mechanism: price determined by the forces of supply and demand in competitive markets, social surplus: the sum of consumer and producer surplus, normal good: when demand for it increases in response to an increase in consumer income, market demand: the sum of all individual demands for a good, law of supply: as the price of a good increases, the quantity of that good/service that suppliers offer will increase, utility: satisfaction that consumers gain from consuming something, producer surplus: the price received by firms for selling their good minus the lowest price that they are willing to adopt to produce the good, income effect: describes how an increase in income can change the quantity of goods that consumers will demand, market supply: the sum of all individual firms' supplies for a good, supply: describes the total amount of a specific good provided to the market for consumption, surplus: describes a level of a good that exceeds the portion used, substitutes: goods that satisfy a similar need, competition: a process in which rivals compete to achieve some objective