Name: ____________________________________________ Date:___________________________

Score:__________________________

III. CROSSWORD PUZZLE

Directions:
2 1 5

4 3 7

8/9

11

10 12

13

14

14 17

16

18

19

20

Across
1. Its principle is that a great change in price of food result slight effect on demand.
3. This can be used to determine the ideal price at certain ideal quantity of supply and demand for a commodity in a particular period of time.
6. In this system the invisible hand exists.
8. Theoretically, it is a situation whereby the price is indefinitely changing but the demand remains the same at a pre-identified quantity.
10. This law states that as individuals obtain less satisfaction (utility) from additional units of a good, they will only buy larger quantities at
lower prices.
14. If we do not have enough supply in the market to meet the demand we have this condition.
16. The law of supply states that the ______ supply and price are directly related.
18. One of the specific market cases is the government implanting the extended ______.
19. It is a position of rest or the meeting point of buyer and seller that predicts stable price.
20. Those who are more able but cannot be absorbed by other regions in the domestic economy may end up migrating abroad.
Down
2. In order to have commodities for consumers, ______ amount of output should the producers be willing to sell at alternative prices at a
given point in time.
4. Other factors that may affect the demand for the commodity are not changing or other things held constant may also called?
5. This is commonly observed in this sector in terms of inelastic supply.
7. This sector covers agricultural, industry, trade and commerce, and service.
9. In the perfectly elastic supply explains that there is no change in ______ but the supply is indefinitely changing.
11. In the perfectly elastic demand shows that the price is ______ but it has indefinite effect to demand.
12. A negative impact of other factors on demand for a commodity will shift the demand curve to this direction.
13. If we have too much supply in the market to meet demand, we have this condition
15. This law states that as the price rises the demand decreases or vice versa.
17. It is being practiced by some producers of basic commodities which decreases the demand and supply to manipulate the price with the
ultimate aim to gain greater profit.