Economics: How markets work

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

Clues

  • A statement containing value judgement (9, 9)
  • If PED is equal to 1 (7, 10)
  • If you increase price, revenue will increase if... (9, 4)
  • Stock levels are depleted over time due to economic exploitation (3, 9, 8)
  • 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)
  • The loss of the value of the next best alternative foregone (11, 4)
  • 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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