Economics revison

4. The responsiveness of demand to a given change in income (6,10,2,6)
6. An agreement between 2 or more firms in the same industry to fix prices, or the level of supply (6)
8. A product where demand rises as price rises (6,4)
9. The theory which analyses how firms, governments and people should behave in strategic situations(4,6)
12. A positive or negative impact from a third party activities
13. A measure of national income (5,8,7)
15. Where goods are allocated through supply and demand (4,6)

1. Extremely out of control inflation(5,9)
2. The boom and bust cycles (8,5)
3. The index used to measure the standard of living in a particular country (5,11,5)
5. Land, labour, capital and enterprise (7,2,10)
7. C+I+G+(X-M) (9,6)
10. Statements based upon facts (8,10)
11. Where all other factors remain the same (7,7)
14. Time period where at least one factor of production cannot be changed