Supply and Demand Crossword Puzzle
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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.
