Across
- 2. consumers buy more of a good when its price decreases and less when its price increases.
- 4. goods used in place of one another
- 5. consumers' desire to purchase goods
- 9. is a table that lists the quantity of a good a person will buy at each different price.
- 11. is a graphical representation of a demand schedule.
- 12. a good that consumers demand less of when their income Increases
- 14. the description or distribution of characteristics of some target audience, customer base, or population
- 15. two goods that are bought and used together
- 16. a measure of how consumers react to a change in price
- 17. good that consumers demand more of when their incomes increase
- 18. consumers react to an increase in a good’s price by consuming less of that good and more of other goods
Down
- 1. the full amount of total sales of goods and Services
- 3. is a table that lists the quantity of a good all consumers in a market will buy at each different price.
- 6. is demand for a good that is very sensitive to changes in price
- 7. a person changes his or her consumption of goods and services as a result of a change in real income
- 8. “all other things held constant.”
- 10. a given percentage that changes in price that leads to an equal percentage change in quantity demanded or supplied.
- 13. is demand for a good that consumers will continue to buy despite a price increase
