2.1-2.9

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  • Created by: Ashvarya
  • Created on: 19-11-14 18:52
A M I R K I T S A V K I I W C V M Y D M O
J V N F N N N K V M B U R K O U J N H R H
I G E C V T T G G D U F V G M U A U C G O
N T L X U E X Y H C V H L N P M E N F G L
E T A A N R K P R C J V F X E X R I D J N
L H S V H E N I I S L B O D T G D T N C W
A K T M T S G G A L M T F E I M N E A Q L
S U I D G T M R H J A O N N T S A L M A R
T A C N E R F F F V N S F J I K M A E Q O
I J S I P A P V S O I E C G V I E S D D Q
C L U M D T O V I O R N D C E L D T E M S
D W P T H E L T N I B N L S M M C I V A J
E D P C M S C I O V S D P S A O I C I K F
M A L X I A N R P O F H I Q R I T D T M C
A K Y X R D G E Q A K U L O K Y S E C J G
N C D T E O L F C Y J W O S E H A M E W U
D K N M O M I C P I O M T Q T Q L A F M L
X O A D C G F L O I B I A T J S E N F P Y
C N S O D I J J N Y A A E P O L H D E F A
D H U S T U C N R X E D U E F Y W D R Q C
U E B K J H P L C E I C X T T M Y A D L W

Clues

  • a market situation in which there are a large number of buyers (demand) and sellers (supply) (11, 6)
  • for demand to be effective, a consumer must be both willing and able to buy the good or service. 'Willing' means they want it and 'able' means they have the money to buy it e.g. if you want a bike that costs £500 and have £500 to spend. (9, 6)
  • goods for which demand falls when income rises. For example, bus journeys. As people's incomes rise, they can afford to buy their own vehicles and the demand for bus journeys falls. (8, 5)
  • The extra a person pays the bank when borrowing money and the rewards for saving. (8, 5)
  • the fall in quantity demanded due to a rise in price (11, 2, 6)
  • the increase in quantity demanded due to a fall in price (9, 2, 6)
  • The quantity demanded changed at the same rate as the price (1) (4, 7, 6)
  • The quantity demanded changes at a greater rate than price (>1) (7, 6)
  • The quantity demanded changes at a lesser rate than price ( (9, 6)
  • The quantity supplied changes at a lesser rate than price ( (9, 6)

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