Across
- 4. Combination of quantities that someone would be willing and able to buy over a range of possible prices at a given moment
- 10. A measure of responsiveness that tells us how a dependent variable responds to a change in an independent variable
- 15. Movement along the demand curve showing that a different quantity is purchased in response to a change in price
- 17. Listing showing the quantity demanded at all possible prices that might prevail in the market at a given time
- 19. Competing products that can be used in place of one another
- 20. Additional satisfaction or usefulness obtained from acquiring or consuming one more unit of product
Down
- 1. The portion of a change in quantity demanded that is due to a change in the relative price of the good
- 2. Demand curve that shows the quantities demanded by everyone who is willing and able to purchase a product at all possible prices at one moment in time
- 3. Branch of economic theory that deals with behavior and decision making by small units such as individuals and firms
- 5. Different amounts of a product are demanded at every price, causing the demand curve to shift to the left or to the right
- 6. Something that motivates
- 7. Rule stating that more will be demanded at lower prices and less at higher prices
- 8. Decrease in additional satisfaction or usefulness as additional units of a product are acquired
- 9. Elasticity where a change in the independent variable generates a proportional change of the dependent variable
- 11. The extent to which a change in price causes a change in the quantity demanded
- 12. Case of demand elasticity where the percentage change in the independent variable causes a less than proportionate change in the dependent variable
- 13. The portion of a change in quantity demanded caused by a change in a consumer's income when the price of a product changes
- 14. Product that increases the use of other products
- 16. Type of elasticity in which a change in the independent variable results in a larger change in the dependent variable
- 18. Graph showing the quantity demanded at each and every possible price that might prevail in the market at a given time