Supply and Demand Crossword Puzzle

QUESTIONS LIST:

• down: when price goes up demand goes _ .
• up: when price goes down supply goes _ .
• demand curve: graph that illustrates demand for a product.
• elastic demand: means demand for a good is sensitive to changes in price.
• inelastic demand: means demand for a good is not sensitive to changes in price
• flat: the demand curve for elastic demand is very _ .
• steep: the demand curve for inelastic demand is very _ .
• profit: the difference between the cost to produce a good or service and what it is sold for.
• supply schedule: chart of how much of a good a supplier will offer at different prices.
• elastic supply: means supply changes a lot with a change in price.
• inelastic supply: means supply does not change much with a change in price.