Economics Chapter 4 Vocab

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Across
  1. 5. a measure of how consumers react when prices change
  2. 7. the part of change in quantity demand due to a price change that mkes other products more or less costly
  3. 9. money a company earns
  4. 10. when demand is very sensitive to change
  5. 12. a curve that shows quantities demanded at all prices
  6. 13. desire to buy a product
  7. 17. demand whose elastic otitis is equal to one
  8. 18. a table that shows quantity of goods a consumer will buy at different prices
Down
  1. 1. goods that are used in place of one another
  2. 2. two goods bought and used together
  3. 3. a good consumers demand less of when their income increases
  4. 4. rule stating that consumers will buy more of a product at lower or higher prices
  5. 6. a table that shows how much of a product consumers will buy at all prices
  6. 8. change in quantity demand depending on consumers income
  7. 11. all things held under constraint
  8. 14. a good that consumers demand more of when their income increases
  9. 15. change in price affects demand a lot
  10. 16. Statistical characteristics of population, especially when used to identify consumer markets