Across
- 4. Less responsive to changes in price
- 7. Producing things as cheaply and easily as possible maximises
- 8. PPC = _______ possibility curve
- 9. Another word for excess demand
- 10. Productivity, weather, technology shift the ___ curve
- 11. Money given by the government to firms producing merit goods
- 13. Responsiveness to changes in price
- 14. Price X Quantity =
Down
- 1. Goods commonly sold/consumed together
- 2. The study of how to allocate scarce resources
- 3. Trends, weather, population shift the ___ curve
- 5. Curve that slopes upwards
- 6. A good needed for survival
- 12. YED = __ elasticity of demand