Economics - Microeconomics

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  • Created by: Zoe_Wood
  • Created on: 28-01-19 14:09
P R I C E D I S C R I M I N A T I O N X X
K O C T W P N S S L L S C D G I G F I N G
O R H Y G E T U I U A T T F O H A P R S Y
M C Y D F X S N W M H Y O V B M V U D V F
J A T H E L I N E W I L L S H I F T S W Y
M F O T M M D N L M O T A C F X V V F Y V
T H E T O T A L R E V E N U E F A L L S H
W S K B H V J V U K A D N F G R U K O S H
I J F O Q O W Y X Y B D U Y X M J G K N P
E H B T C Y Q V N H Y X N N G N K C Q A U
D U W A W Q A F O C W G P G S X C M S C U
X Q W D H Y I A K S K G O N L H R U I G W
I S N I E R X A W O D K A I F E E T W A K
Y F B I M M S P J U K H I X J T L B E G A
T H E T O T A L R E V E N U E R I S E S S
G D Q O T H E R T H I N G S E Q U A L R T
P E F C F E I W F H N Y N L T A P T L E R
O C H E S P R I C E S T A B I L I T Y N E
A O P Q U J C D P O N D O O U O I G S M C
W W E L B M A B P K Q Q J R K A V X V H O
Q S Q L V T F V T U V O L E A N K X E W P

Clues

  • If the PED is Elastic and the Price rises - what happens to the revenue (3, 5, 7, 5)
  • If the PED is Inelastic and the Price rises - what happens to the revenue (3, 5, 7, 5)
  • What does ceteris paribus mean? (5, 6, 5)
  • What happens to the supply or demand line due to a change in condition? (3, 4, 4, 5)
  • What is a negative response to Monopoly Market? (5, 14)
  • What positive could be taken from an oliogopoly market? (5, 9)

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