U3 Choice Board
Across
- 5. Good that consumers demand less when their income increases.
- 6. Goods that are used in place of one another.
- 7. Good that consumers demand more when their income increases.
- 9. Measure of how a consumer reacts to change in price.
- 11. Demand that is not very sensitive to price changes; a small change in price causes a small change in quantity demand.
- 12. The amount of good & services people are willing and able to purchase at various prices during a specific time period.
Down
- 1. An increase in prices causes a decrease in quantity demand, a decrease in price causes increases in quantity demand.
- 2. A table that list the quantity of a good a person will buy at various prices in market.
- 3. Satisfaction a person receives from a good or services.
- 4. Demand who elasticity is exactly equal to 1.
- 8. Amount of money a company receives from selling goods or services.
- 10. A graphic representation of demand schedule.