Across
- 2. / The point were quantity demanded equals quantity supplied
- 5. / Government intervention in the market to correct market failures and promote social welfare
- 7. measure of responsiveness of quantity demanded to a change in price
- 8. / Goods that are non excusable and non rivalry in consumption
- 9. / The quantity of a good or service that producers are willing and able to sell at various prices
- 10. / The effect where an initial change in spending leads to a larger change in demand and income
Down
- 1. / Situation where Government revenue exceeds spending in a given period
- 3. / The system of money in general use in a particular country
- 4. / Government revenue collection from households and firms
- 6. / Where people are willing and able to work cannot find employment