Across
- 1. This effect happens when you can no longer afford to buy and you must cut back due to cost
- 4. When you buy the same amount following a price change,or a good that is unresponsive to price change it means your demand is this
- 5. This is a chard that shows prices and quantity demanded of an item
- 6. Two goods that are bought and used together
- 8. Term used to represent statistical characteristics of populations, age, race, gender, occupation, income level..etc..
- 10. This effect is when people find alternatives to the things they desire
- 11. This law states that when a good's price is lower, people will buy more of the good
Down
- 2. When you purchase much more of a good following a price change, or the good is very responsive to price change, we say the demand is this
- 3. The latin term for "all other things being equal"
- 7. Goods that are used in place of one another
- 9. This man's quote from the concise encyclopedia of economics states that On the law of Demand is built the whole edifice of economics.