Across
- 2. The highest price that producers can legally charge for a product
- 4. Quantity bought at a given price
- 6. Payment to firms by the government to lower cost
- 9. Economics teacher at WK
- 10. Tax on goods and services
- 11. externality Beneficial impact on third parties
- 13. Goods not socially desirable
- 15. Shows the maximum production using all of a country's resources
Down
- 1. Responsiveness of quantity demanded to change in price
- 3. Harmful effects on third parties
- 5. The lowest price that can be legally paid
- 7. Who bears the burden of the tax.
- 8. Economic decisions with value judgement
- 12. Economics is a type of science.
- 14. Quantity produced at a given price