Economics Chapter 4: Demand

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Across
  1. 2. The change in consumption that results when a price increase causes real income to decline
  2. 4. A good that consumers demand more of when their incomes increase
  3. 7. Describes demand that is very sensitive to a change in price
  4. 10. A graphic representation of a demand schedule
  5. 11. Describes demand that is not very sensitive to price changes
  6. 12. Two goods that are bought are used together
  7. 14. A measure of how consumers respond to price changes
  8. 16. A table that lists the quantity of a good all consumers in a market will buy at various prices
  9. 17. Goods that are used in place of one another
  10. 18. The statistical characteristics of populations and population segments, especially when used to identify consumer markets
Down
  1. 1. when consumers reaction to an increase in a goods price by consuming less more of a substitute good
  2. 3. The total amount of money a company receives by selling goods or services.
  3. 5. A table that lists the quantity of a good a person will buy at various prices in a market
  4. 6. A latin phrase that means "all things held constant"
  5. 8. Describes demand whose elasticity is exactly equal to 1
  6. 9. the desire to own an item & the ability to pay for it
  7. 13. consumers will buy more of a good when its price is lower and less when its price is higher
  8. 15. A good that consumers demand less of when their incomes increase