Economics Crossword

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Across
  1. 2. Money given to producers to encourage them to produce more.
  2. 4. Measurement of change in demand due to change in price.
  3. 5. A good that is deemed as under consumed in a market.
  4. 9. A form of ad-valorem tax, currently at 20%.
  5. 11. A form of false information when one person knows more than another.
  6. 13. A positive or negative effect to a third party of production or consumption of a good.
Down
  1. 1. A form of market in which the forces of supply and demand alone determine price.
  2. 3. When the price elasticity of demand is less than 1.
  3. 6. A form of tax imposed on producers.
  4. 7. A form of market failure due to intervention by the __________.
  5. 8. A form of economy where resources are allocated by the state.
  6. 10. When demand for a product falls as real incomes increases.
  7. 12. When a good has limited resources and unlimited needs.