Demand Graph- Economics

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Across
  1. 3. ______ effect Example: If you buy fewer slices of pizza, without increasing your purchases of other foods
  2. 4. the amount or number of a material
  3. 5. the cost of something
  4. 6. a table that shows the quantity demanded of a good or service at different price levels is a demand ________
  5. 8. A factor affecting demand - amount of money someone makes
  6. 10. ___ of Demand.Principle of economics that states that at a higher price, consumers will demand a lower quantity of a good
  7. 12. When a goods price changes a lot, but the quantity is less responsive
  8. 14. When a goods price changes a lot, but the quantity is very responsive
  9. 15. A factor affecting demand - someones preference is their _____
  10. 16. the number of market conditions a demand curve is accurate for.
Down
  1. 1. the axis where price is labelled on a demand graph
  2. 2. Demand says you both can afford something, and ____ something.
  3. 7. a good that goes WITH another good in regards to demand.
  4. 9. a good that can take the place of another good. an alternative
  5. 11. When a goods price changes a lot, and the quantity proportionally changes
  6. 13. a consumer's desire to purchase goods and services and willingness to pay a specific price for them