Economics

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Across
  1. 4. surplus The difference between how much buyers are prepared to pay for a good and what they actually pay
  2. 5. 2 words: production is at lowest cost
  3. 6. The point where what is expected is equal to what happens
  4. 8. Next best opportunity forgone
  5. 9. Groups of people who have an interest in a firm
Down
  1. 1. When a product has an effect on a third party
  2. 2. 2 words: inferior good where demand increases when price increases
  3. 3. 2 words: Placing your resources wisely
  4. 7. Satisfaction derived from consuming a good