Across
- 5. plolicies set by who is responsible for running a country
- 7. the firm arrives at a price for the product by adding a percentage or an amount to the unit cost of the product
- 8. an individual's want backed by the ability to pay
- 9. measures the responsiveness of a change in quantity demanded due to a change in price of that product
Down
- 1. what the customer prefers
- 2. different ways a firm prices their products
- 3. the value that is placed on a product
- 4. money someone receives for their labour
- 6. a negative or inverse relationship between price and demand
- 7. the amount a firm pays to produce their goods