Economics

3. a change in this will cause a movement along the demand curve.
7. an axis used to plot the demand curve
8. a good which is scarce
10. a point outside the PPC
11. a non price factor affecting demand
13. goods that go hand in hand/ consumed together
14. tea and coffee are...........for each other
16. the concept of specialisation was brought out him/ father of modern economics
18. economic agents are able to consider the outcome of their choices and recognise the net benefits of each one

1. value of the next best alternative foregone when making a choice
2. a point inside the PPC
4. economy which is controlled by the state
5. a diagram that shows the maximum combination of goods that can be produced with the full employment of resources and technology within an economy
6. unlimited want & limited resources leads to this
9. these goods have no opportunity cost
12. all other factors are being held constant
15. a disadvantage of specialisation
17. a consumer's desire to purchase goods and services and willingness to pay a specific price for them.