micro chapter 3

4. there is a(n)_________ relationship between a price change for one good and the demand for its "go together" good
10. a good that competes with another for consumer purchases
13. change in _______ is shown on a graph as movement between points along a stationary demand curve
14. any good for which there is an inverse relationship between changes in income and its demand curve
16. condition that occurs when quantity supplied equals quantity demanded
17. principle that there is an inverse relationship between the price of a good and the quantity buyers purchase
19. mechanism that uses forces of supply and demand to create equilibrium through rising and falling prices
20. law of ________: the principle that there is a direct relationship between the price of a good and the quantity sellers will provide

1. change in _______ is an increase or decrease in the quantity demanded at every possible price
2. shown on the vertical axis in an economics graph
3. shows the various quantities of product at various prices buyers will purchase
5. quantity is shown on the ______ axis in an economics graph
6. a decrease in demand is shown on a graph as a __________ shift
7. condition in which quantity supplied is less than quantity demanded
8. an arrangement between buyers and sellers to interact to determine price and quantity of a good
9. an increase in demand is shown on a graph as a rightward _______
11. good that is jointly consumed with another good
12. there is a(n) ______ relationship between a price change for one good and the demand for a substitute (competitor's)good
15. movement along a supply curve (between points) is called a change in ______ supplied
18. any good for which there is a direct relationship between changes in income and its demand curve