Economics

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Across
  1. 2. the quantity of goods and services that consumers are both willing and able to buy at various places.
  2. 5. occurs when demand exceeds supply because the price is lower thant the market equilibrium
  3. 6. the natural resources or raw materials required in the production process.
  4. 7. a type of financial assistance from the governemnt to help encourange output by reducing the cost of production for firms.
  5. 8. any place where buyer and seller engage in a trade
Down
  1. 1. the maximum combination of any two categories of goods and services.
  2. 3. the cost of the next best opportunity forgone.
  3. 4. artificial intelligence allow average cost of production.