Across
- 4. the phenomenon that each additional unit of gain leads to an ever-smaller increase in subjective value.
- 7. is a branch of economics that analyzes the market behavior of individuals and firms in order to understand their decision-making processes.
- 10. financial motivations for people to take certain actions
- 11. a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time
Down
- 1. when an increase in one variable causes a reduction in the other variable
- 2. demand curve that shows the quantities demanded by everyone who is willing and able to purchase a product at all possible prices
- 3. prove more powerful than opposing forces; be victorious.
- 5. is a table that shows the quantity demanded of a good or service at different price levels
- 6. the consumer's desire and willingness to buy a product or service at a given period or over time
- 8. The law of demand is a fundamental principle of economics that states that at a higher price, consumers will demand a lower quantity of a good.
- 9. Marginal utility is the added satisfaction that a consumer gets from having one more unit of a good or service.