Across
- 5. public goods are
- 6. land, labour, capital and enterprise
- 8. causes a supply or demand curve to shift
- 12. when supply and demand are equal to each other
Down
- 1. as price increases quantity demanded decreases
- 2. merit goods are
- 3. quantity of a good or service you are willing and able to produce
- 4. limited resources but unlimited wants
- 7. responiveness of supply to a change in price
- 9. a signal wrapped up in an incentive
- 10. the next best alternative forgone
- 11. quantity of a good or service you are willing and able to produce.
- 12. where buyers and seller come together