Economics Chapter 4:

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Across
  1. 1. when the demand for a good has increased, but consumers will continue to buy it
  2. 3. a good that people demand more of when their incomes increase
  3. 5. Latin phrase meaning "all other things held constant"
  4. 6. goods that are used in place of another
  5. 8. statistical data relating to a population and particular groups.
  6. 12. when consumers buy more of a good if the price has decreased
  7. 13. when the demand for a good is sensitive to price changes
  8. 14. the demand for a good becomes less when their incomes increase.
  9. 16. the amount of money receives from selling good and services
  10. 17. if demand is equal to 1
Down
  1. 2. occurs when a person changes their consumption of goods and services and as a result, there is a change in their real income.
  2. 4. occurs when consumers react to an increase in a certain good's price by consuming less of that good and more of another.
  3. 7. a table that lists the quantity of a good all consumers in a market will buy at each different price.
  4. 8. a table that lists the quantity of a good that a person will buy at each different price.
  5. 9. a measure of how consumers react to a change in price
  6. 10. the desire to own something and the ability to pay for it
  7. 11. two goods that are bought and used together.
  8. 15. a graphical representation of a demand schedule