Across
- 2. Where buyers and sellers get together to trade
- 6. A limit on imports
- 7. inelastic. When the relative change in quantity demanded is less than the change in price of the product
- 9. . Costs that vary directly with output in the short run
- 12. Type of normal good with a YED that is close to zero
- 13. A good that is non excludable and non rival
- 14. . Other things equal
- 15. The ability to turn an asset into cash quickly
- 16. Things that are necessary for survival
Down
- 1. The total output produced in a country
- 3. Shares in firms
- 4. A good consumed with another
- 5. The study of an economy or a group of economies
- 8. The goods and services that people may like to have but do not need
- 10. An alternative good
- 11. When two good are consumed together
