Microeconomics

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  • Created by: cerys
  • Created on: 29-11-14 14:54
H O M K P S W J T W L N B X P H W Y R K T
D Y C B M M W W Q S J Q L I M U X D G I J
C Q T U L N G L K P W X V K V M B I P U G
E J P D W G X P A K G K E C A M U S N J P
C A D G N S P X V T A Q R R L X D B A O N
W E D E S E K A A Q C K T V U S G U T K V
S B U T I C V P L I I U I Q E X E S I C V
F U L L X O W V U X R K C U T J T T N F T
P D H I P N K V E F N V A M A A C I C B O
J G M N G S Q R S O B H L M X L O N R Q W
L E G E N U S M U M M O I W A W N U E L Y
Y T H B I M G U B D R R N R D J S R A Y S
H S F L S E O W S D M N T A V H T E S E N
A E F K A R I J I G S G E F A Y R P I H O
Q T S W E T X Q D L B H R P L X A P N X T
C B A U R H P J Y Q L I C V O D I Q G J Y
K S O R C E D K C I Y J E N R I N E P K B
P C Q K N O O L J W N T P H E Q T P Y V O
W U I F I R V Q K B W V T S M M B A I B T
A G L L L Y Q Y C Q V Q T G W C C W B T R
D C G Q P I O T Y Q I U P T X O X G H M W

Clues

  • All (X,Y) that satisfy BC (BC become PxX + Y = M) (6, 3, 2)
  • Consumers choose best bundle they can afford (8, 6)
  • M/Py (2, 8, 9)
  • Makes BL flatter (10, 2)
  • Makes BL steeper (10, 2)
  • p (1+ t) (5, 3, 2, 7)
  • p (1-s) (5, 7)
  • p - s (3, 4, 7)
  • PxX + PyY < M (6, 10, 2)
  • PxX + PyY = M (6, 4, 2)

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