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Econ #1 2020

Name _________________
Period #______
Date __________________
Across
Where you most enjoy a good or service is an example of ___ utility.
Demand = a ___ + ability + willingness to pay.
If prices ___ the QD of a good will decrease.
If the price of a ___ the QD of that good will increase.
A ___ relationship exists when the value of one variable increases and the value of another variable decreases as a result.
___ is the study of how we make choices.
The economic term for satisfaction is ___.
Demand = a desire + ____ + willingness to pay.
Down
As the ___ of a good increases the quantity demanded will decease.
According to the law of __ anything in great enough demand will be supplied.
A ___ curve graphically represents the various QD at different prices for a given period of time.
If the price of a good ___ the QD for that good will decrease.
The economic problem of limited resources and unlimited wants is known as?
A ___ curve graphically represents the various QS at different prices for a given period of time.
When you most enjoy a good or service is an example of ___ utility.