Economics Chapter 4 Vocab

5. a measure of how consumers react when prices change
7. the part of change in quantity demand due to a price change that mkes other products more or less costly
9. money a company earns
10. when demand is very sensitive to change
12. a curve that shows quantities demanded at all prices
13. desire to buy a product
17. demand whose elastic otitis is equal to one
18. a table that shows quantity of goods a consumer will buy at different prices

1. goods that are used in place of one another
2. two goods bought and used together
3. a good consumers demand less of when their income increases
4. rule stating that consumers will buy more of a product at lower or higher prices
6. a table that shows how much of a product consumers will buy at all prices
8. change in quantity demand depending on consumers income
11. all things held under constraint
14. a good that consumers demand more of when their income increases
15. change in price affects demand a lot
16. Statistical characteristics of population, especially when used to identify consumer markets