Across
- 2. goods that consumers DEMAND LESS of when their INCOME INCREASES
- 3. the measure of how consumers react to a change in price
- 5. "all other things held constant."
- 8. Equal to 1
- 10. two goods that are bought and used together
- 11. consumers buy more when price is less & vice versa
- 16. desire to purchase goods
- 17. is the TOTAL amount of money the company recieves from selling its goods or services
- 18. goods used in place of one another
Down
- 1. when consumers are not very responsive to changes in price (Less than 1)
- 4. a table that lists the quantity of ALL CONSUMERS in the MARKET will buy
- 6. when a small change in price leads to a large change in the quantity demanded (greater than 1)
- 7. goods that consumers DEMAND MORE of when their INCOME INCREASES
- 9. a table that lists the quantity A PERSON will buy
- 12. statistical data relating to a POPULATION and groups within it
- 13. consumers reaction to price increase by buying less of it
- 14. When a person changes their consumption of goods based on their income
- 15. a GRAPHICAL representation of a demand schedule
