Across
- 2. a determinant of supply
- 8. the extra amount
- 10. a good with negative income elasticity
- 11. a good that would be under provided in a market system
- 12. a determinant of demand
- 13. a maximum price
- 14. income for labour
- 15. a measure of responsiveness
- 16. development that meets the needs of current generations without jeopardising future generations
- 18. goods which are consumed together
- 20. goods that may be used in place of each other
- 21. the first model learned in Economics
- 23. anything made by humans which is used to produce goods or services
- 24. a protocol aimed at reducing emissions
- 26. satisfaction
Down
- 1. inventor of the invisible hand
- 3. this will be examined on Paper 3
- 4. a good with high income elasticity
- 5. a type of efficiency when community surplus is maximised
- 6. a good that would not be provided in a market system
- 7. the quantity consumers are willing to buy over a range or prices in a given time period
- 9. an example of a public good
- 15. a spillover effect
- 17. economics teacher's husband
- 19. fairness
- 20. when wants and needs can't be met with existing resources
- 22. the human factor of production
- 25. favourite teacher