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Supply & Demand

Norberto Nazario

Ecomonics

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Across
2.total cost (TC) describes the total economic cost of production and is made up of variable costs
6.something needed or wanted
11.1.A rule or directive made and maintained by an authority
12.The amount of a product that producers wish to sell in some time period
14.a tax that is measured by the amount of business done
15.In economics, the law of supply is the tendency of suppliers to offer more of a good at a higher price
Down
1.marginal revenue (MR) is the extra revenue that an additional unit of product will bring
3.1.A sum of money granted by the government
4.Supply and demand is an economic model of price determination in a market
5.total cost for all units bought
7.The availability of credits representing improvements
8.a periodic charge that does not vary with business volume
9.operating expense: the expense of maintaining property
10.the increase or decrease in costs as a result of one more or one less unit of output
13.Not consistent or having a fixed pattern

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