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Economics Puzzle #1

Across
The term used to describe the satisfaction one receives from goods
An important economic resource
This occurs when marginal benefits equal capital costs
A change in this can cause movement from one point to another point on the same demand curve
Type of advantage that occurs when someone is able to produce at a lower cost than a competitor
A condition that occurs when consumer wants are greater than the limited resources available
Word used to describe a "good" for which demand falls as income rises
Down
This can occur when excess demand exceeds supply
Two goods or products that can satisfy similar needs or desires
Decision making is often made based on these factors
This is a type of opinion heard in economics
Abbreviation used to describe the possible combinations of two goods that can be produced during a certain time-span
The price of one good or product compared to a similar good or product
The lowest LEGAL price that can be paid in a market for goods and services