Across
- 2. An increase in income results in increased consumption of this type of good.
- 5. A main type of diseconomies of scale
- 6. An increase in income results in a decrease in the quantity demanded of the good.
- 8. This term is also known as overhead costs.
- 9. Also known as bulk buying economies
- 10. This term refers to a form of external economies of scale
Down
- 1. Large factories are often more efficient than small ones
- 3. Measures the responsiveness of demand to a change in price
- 4. This term refers to falling average costs as output increases.
- 6. Measures the responsiveness of demand to a change in income.
- 7. A form of external economies of scale concerned with presence of similar businesses in the area