Economics Vocab Unit 2

2. A step in production where the level of profits gained is less than the resources initially invested
4. The measure of fulfillment achieved from obtaining an additional good
6. The idea that as prices rise, consumers will replace more expensive products with less costly alternatives
11. Sum of money provided by the government to support growth in an industry
13. An index that displays the amounts of something and their potential prices at a particular time
16. A graph that displays how the demand for a good or service changes based on price differences
17. The quantities of a good that are able to be sold

1. Economic affairs that take place via the Internet
2. Less fulfillment as a person obtains more of a product
3. Products that can be used as replacements for others
5. The operating expenses of a business (ex. rent, taxes, utilities, salaries)
7. A table that demonstrates the exact quantities of a good and the different prices for which they can be sold at any particular time
8. Elasticity where an independent variable triggers a disproportionate change in the dependent variable
9. Elasticity where an independent variable triggers a corresponding change in a dependent variable
10. Products that has a beneficial relationship with another one and increases its usage
12. A change in consumption resulting from a change in a consumer's real income
14. A graph that demonstrates the quantities of a product provided for any market price
15. The measurement of how much changing one economic factor can affect others
16. The impulse, capacity and inclination to purchase something