Ch. 4 Economics Vocabulary

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Across
  1. 6. the change in demand for a good or service
  2. 8. a table that shows the quantity demanded for goods and services
  3. 9. if the price goes up the demand goes down
  4. 11. a consumer’s desire to purchase goods and services
  5. 14. one good can be affected by a change in the demand for another good
  6. 16. goods being used in place of another
  7. 17. demand for a good that’s very sensitive to price changes
  8. 18. entire amount of money a company receives by selling goods or services
Down
  1. 1. anyone buying that product
  2. 2. a measure of how consumers react to a change in price
  3. 3. a good that consumers demand more of when their income increases
  4. 4. when the price of a product rises, people will begin to find substitutes for it
  5. 5. good that consumers demand less of when their income increases
  6. 7. Latin phrase economists use meaning “all other things held constant
  7. 10. statistics about groups of people
  8. 12. demand for a good that consumers will continue to buy despite price
  9. 13. two goods that are bought and used together
  10. 15. demand who’s elasticity is exactly equal to one