Economics Chapter 4 Vocab
Across
- 4. 2 words, the total money a company gets from selling goods
- 5. 2 words, when a goods price increases consumers start buying other goods
- 7. 2 words, a table listing the quantity a person will buy at different prices
- 11. 1 word, the desire for something and being able to pay for it
- 12. 3 words, a table listing the quantity the population will buy at different prices
- 13. 2 words, demand that has an elasticity of 1
- 14. 2 words, a good that gets demanded more as consumers income rises
- 15. 1 word, the statistics of a population especially regarding consumer markets
- 16. 2 words, a good that gets demanded less as consumers income rises
- 17. 1 word, goods that can be used in place of another good
Down
- 1. 1 word, goods that are often bought and used together
- 2. 2 words, when the price of an object increases and effects real income
- 3. 3 words, how consumers respond to changes in price
- 6. 3 words, when the price of something increases consumers buy less and vice versa
- 8. 1 word, demand that is very sensitive to price changes
- 9. 1 word, demand that isn't sensitive to price changes
- 10. 2 words, a phrase in Latin meaning "all other things held constant"
- 11. 2 words, a graph of a demand schedule