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1/9/2018 Economics Chapter 4+5 CrosswordEconomics Chapter 4+5 Crossword - WordMint

Name: ___________________________________________ Date: ___________________

Economics Chapter 4+5


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M I N I M U M W A G E
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P
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D E M A N D P R I C E
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R W
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E F P A
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X Q E R S
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C E U C I T
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P R I C E F L O O R T C E
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S A T I L E D
E S A N Y C R
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Q T T O T A L R E V E N U E E
U A I I F L I S
O X C M F A L O
T I I S I U
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B L A C K M A R K E T C T N R
I I G C
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S U P P L Y P R I C E C E
N S
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P R I C E C O N T R O L S

Across Down
1. A legal floor on the wage rate, which is the market pride of 2. When the price elasticity of demand is infinite, economists
labor. say thay demand is what?
3. The _____ _____ of a given quantity is the price at which 4. People spent money and expand effort in order to deal with
consumers will demand that quantity. the shortages caused by a price ceiling.
9. A lower limit 5. A tax on sales.
12. Price X quantity sold 6. These control typically the form of an upper limit.
13. A market in which goods and services are bought and sold 7. The amount of the good that can be legally transacted is the
illegaly. ___.
14. The _____ _____ of a given quantity is the price at which 8. When the price elasticity is greater than 1, it is said to be
producers will supply that quantity. what?
15. When a government intervenes to regulate priced they 10. A market when there are missed opportunities (eayd which
impose ____ ______. production / consumption could be rearranged).
11. An upper limit on the quantity of some good that can be
bought or sold.

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