Economics

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Across
  1. 1. a measure of the responsiveness of the quantity supplied to a change in price
  2. 4. products which the government considered consumers don’t fully appreciate how beneficial they are and they are under-consumed
  3. 7. when the revenue will decrease, when PED is elastic or inelastic
  4. 8. if we have close substitutes the PED will increase or decrease?
Down
  1. 2. risk bearing and key decisions taking
  2. 3. the total costs to a society of an economic activity
  3. 5. not enough resources for satisfying people’s wants
  4. 6. part of economy controlled by the state
  5. 9. costs posed on those who are not involved in consumption or production