Across
- 3. competing products that can be used one place or another
- 5. schedule- a table that lists quantity of a good
- 6. paribus- all other things held constant
- 9. good- a good that consumers demand less of
- 10. revenue- total amount of money a company receives
- 13. of demand- change in price or in quality
- 14. curve- graphic representation of demand schedule
- 15. products that increase other products
Down
- 1. effect- 2 similar products satisfy the same need
- 2. elastic- describes demand whose elasticity is exactly equal to 1
- 4. of demand- measure of responsiveness inelastic-percent change dependent on the independent variable
- 5. population segments used to identify consumer market
- 7. demand that is very sensitive to change in price
- 8. The amount of a consumer is willing to buy
- 9. effect- change in quality demand
- 11. demand schedule- table for what all consumers buy
- 12. good- a good when a consumer demands more or when their income increases