Economics Chapter 4

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Across
  1. 1. Describes demands that is not sensitive to price change.
  2. 3. A good that consumers demand more when income increases.
  3. 5. "all other things held constant"
  4. 6. Goods used in place of another.
  5. 8. statistical data relating to the population and particular groups within it.
  6. 12. Consumers buy more of a good when the price decreases.
  7. 13. Describes demands that is very sensitive to price change.
  8. 14. A good that consumers demand less when income increases.
  9. 16. total amount of money a firm receives by buying or selling goods.
  10. 17. demand that elasticity equals to 1.
Down
  1. 2. change in consumption due to change in income.
  2. 4. When a consumer substitutes one item for another due to price changes.
  3. 7. Table that lists quantity of a good consumers will buy at different price.
  4. 8. Table that lists quantity of a good an individual will buy at different price.
  5. 9. Measure of how consumer reacts to price change.
  6. 10. Desire to own something that you can pay for.
  7. 11. Two goods bought and used together.
  8. 15. graphic representation of a demand schedule.