Economics: How markets work

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  • Created by: samstarrz
  • Created on: 12-04-14 15:20
D R U N I T A R Y E L A S T I C I T Y G C
T N M C S P E C I A L I S A T I O N B E M
R B I N F E R I O R G O O D V G W H P F E
R E N E W A B L E R E S O U R C E T A A M
I L P O S I T I V E S T A T E M E N T P N
Y F D I V I S I O N O F L A B O U R D F P
I N R A P J L K I I N I V G M V R N U P C
P B V G M N A D I N V G I G S I U X S A H
M Q H F R E E M A R K E T E C O N O M Y N
V G J M A V U G L G C Y A Y W S T B N B R
Q N U E U I A G U L X U J S K G H M C A B
G I A W V H K D E R I V E D D E M A N D U
R W N O R M A T I V E S T A T E M E N T I
B W X I K I F O V T S P W S X K R U V G U
H J G O E K M R L U W S X U G F O D E E W
R M A V D F Q B C O C S Y F V V X B N R J
V I T B R O T U N O M M V A P Q Y I J S G
H G V B F X I X C M S Q K I F O C P H L K
V C F A E G I N E L A S T I C G O O D L X
Q N B F F D P V Q B K T R J N D E Y A I B
J J I L Y H B N Q L D J U G T I J B G Y T

Clues

  • A statement containing value judgement (9, 9)
  • A statement of fact, that can be tested true or false (8, 9)
  • If PED is equal to 1 (7, 10)
  • If YED is negative (8, 4)
  • If you increase price, revenue will increase if... (9, 4)
  • Stock levels can be maintained over a period of time (9, 8)
  • The demand for the good or service it produces not the labour itself (7, 6)
  • Where an individual, firm, region, country concentrates on the production of a limited range of goods and services (14)
  • Where resources are allocated by the price mechanism (4, 6, 7)
  • Where the production process is broken down into a sequence of stages and workers are assigned to a particular stage (8, 2, 6)

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