Economics _Alternative Assessment _2025

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Across
  1. 2. The next best alternative forgone when making a choice.
  2. 4. Scarce and useful products that involve an opportunity cost.
  3. 7. A situation where demand is greater than supply at the current price.
  4. 8. A place (physical or virtual) where buyers and sellers meet to exchange goods and services.
  5. 9. Businesses owned and run by individuals rather than the government.
  6. 10. Intangible products such as healthcare, education, or transport.
Down
  1. 1. The ability to bring together resources and take risks to run a business.
  2. 3. When demand changes very little despite a change in price.
  3. 5. The willingness and ability of consumers to buy a product at a given price.
  4. 6. The point at which demand equals supply.