ECONOMICS

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Across
  1. 3. - The degree to which demand or supply changes in response to price changes
  2. 5. - A market structure with only one supplier dominating the market
  3. 7. - A system of money in general use in a particular country
  4. 9. - Achieving maximum productivity with minimum wasted effort or expense
  5. 10. - A tax imposed on imports or exports
  6. 11. - The total value of goods and services produced within a country in a year
Down
  1. 1. - The persistent increase in the general price level over time
  2. 2. - The fundamental problem in economics, where resources are limited but wants are infinite
  3. 4. - The quantity of goods a producer is willing and able to sell at a given price
  4. 5. - Where buyers and sellers meet to exchange goods and services
  5. 6. - Financial support provided by the government to reduce production costs
  6. 8. - The willingness and ability of consumers to purchase goods at a given price