10 Economics Crosswords Quiz

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Across
  1. 7. One day, the supply of gas in Indonesia is almost extinct, and it's harder to obtain it. Police reports that there's illegal activity behind this change. Who determines the price elasticity of supply for gas? (2)
  2. 8. If the percentage change in quantity supplied equals to the percentage change in price (one), the supply is price ...
  3. 10. What does OPEC do when oil prices are low? (2)
  4. 11. Any straight line that passes through the origin of the supply curve has a PES of?
  5. 12. A producer has a machine that can produce many types of goods. He's currently producing goods A. So, if the price of goods A decreases and the price of goods B increases, the producer can easily switch production from goods A to goods B. This makes the supply of goods A price ...
  6. 18. What causes a shift in the supply curve? (2)
  7. 19. The supply curve is drawn as an ... sloping, showing that producers ... (2) (combine the two words)
Down
  1. 1. Producer ... are goods that a producer can easily produce as an ... (2) (combine the two words)
  2. 2. What occurs when a business isn't making full use of its available capacity? (2)
  3. 3. What section of the conditions of supply is tax part of? (2)
  4. 4. Duration where one or more factors of the production process are determined? (2)
  5. 5. If electricity prices rise in the short run, how does it affect the supply of electricity? (2)
  6. 6. How does more advanced technology change the production process? (2)
  7. 9. Price elasticity of supply numbers are always?
  8. 13. When the price of a product increases, producers will release the product that is stored to maximize profit. The supply of this product is price ...
  9. 14. If the price of wheat increases, what would happen to the supply of corn?
  10. 15. What happens when the cost of production increases? (2)
  11. 16. Price elasticity of supply measures the responsiveness of quantity supplied towards? (2)
  12. 17. In agricultural markets, what is the most crucial aspect that determines supply?
  13. 20. A mango farmer takes 3-4 years to produce fruit. Justin is a mango farmer, and suddenly the price of mango has increased. Justin can't increase the production to maximize profit, because the supply of mango is price ...