Economics Chapter 4

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Across
  1. 2. a list of the quantity of a good that a person will buy at different prices
  2. 5. consuming less of a good and more of another as a reaction to a price increase
  3. 7. demand whose elasticity is exactly equal to one
  4. 11. desire to own something and the ability o pay for it
  5. 12. two goods that are used together
  6. 14. information about populations of people
  7. 16. goods used in place of one another
  8. 17. the amount people buy changes when their income changes
Down
  1. 1. graphic representation of a demand schedule
  2. 3. goods that consumers demand more of when incomes increase
  3. 4. when demand is not very sensitive to price changes
  4. 6. gods for which demand falls as income increases
  5. 8. concept that consumers will buy more a of a good when its price is lower and less when its price is higher
  6. 9. the assumption that nothing other than the price of a good will change
  7. 10. table listing the quantity of a good that all consumers will buy at various prices
  8. 13. when demand is very sensitive to price changes
  9. 15. entire amount of money a company receives by selling goods or services