Economics Review

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Across
  1. 2. An increase in income results in increased consumption of this type of good.
  2. 5. A main type of diseconomies of scale
  3. 6. An increase in income results in a decrease in the quantity demanded of the good.
  4. 8. This term is also known as overhead costs.
  5. 9. Also known as bulk buying economies
  6. 10. This term refers to a form of external economies of scale
Down
  1. 1. Large factories are often more efficient than small ones
  2. 3. Measures the responsiveness of demand to a change in price
  3. 4. This term refers to falling average costs as output increases.
  4. 6. Measures the responsiveness of demand to a change in income.
  5. 7. A form of external economies of scale concerned with presence of similar businesses in the area