Chapter 4 Crossword - Economics

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Across
  1. 5. measure of how consumers react to a change in price
  2. 6. a graphic representation of a demand schedule
  3. 9. consumers will buy more of a good when its price decreases and less when price increases
  4. 10. goods used in place of one another
  5. 12. total amount of money a firm receives by selling goods or service
  6. 15. describes demand that is not very sensitive to a change in price
  7. 16. statistics about groups of people
  8. 17. a good that consumers demand less of when their incomes increase
  9. 18. a table that lists the quantity of a good A PERSON (INDIVIDUAL) will buy at each different price
Down
  1. 1. a table that lists the quantity of a good ALL CONSUMERS in a market will buy at each different price
  2. 2. good that consumers demand more when their income increases
  3. 3. two goods that are brought and used together
  4. 4. describes demand whose elasticity is exactly equal to one
  5. 7. change in consumption resulting from a change in real income
  6. 8. a Latin phrase meaning "all other things held constant"
  7. 11. describes demand that is very sensitive to a change in price
  8. 13. when consumers react to an increase in a good's price by consuming less of that good and more of other goods
  9. 14. desire to own something and the ability to pay for it