our puzzling economy

1. a listing that shows the various quantities of a product demanded and at all prices that might prevail at certain times
4. a change in prices causes a proportional change in quantity demanded
7. shows the quantity demanded of a product by everyone willing to buy it
8. a period of production that allows producers to change the variable input: amount of labor
10. area of economics that deals with the behavior and decision making of individuals
13. the amount of a good or product that’s available for sale
14. the government offers payment to an individual or business to encourage or protect economic activity
16. a change in prices causes a change in quantity demanded
19. the extra usefulness a consumer gets from using a product
20. the quantity of a good or service demanded varies with its price
21. period of production that allows producers to change the quantities of their resources
22. a change in the demand curve that shows the change in quantity demanded of a product when its price changes
23. a consumer’s desire to purchase a good or service and their willingness to pay a certain price
24. measure of responsiveness that shows how a dependent variable responds to a change in the independent variable
25. when a change in price causes a large change in the quantity demanded

2. two goods that are commonly bought and used together
3. the extra usefulness a consumer gets from using a product
5. deals with the relationship between the factor of production and the output of goods and services
6. a graph that shows the quantity demanded at all possible prices in the market
9. people are willing to buy different amounts of a product but at the same price
11. a good that can replace another good when the price of the original one increases
12. when the price of an original product increases, consumers turn to cheaper alternatives or substitutes to buy instead
15. a change in price causes a small change in quantity demanded
17. change in quantity demanded because of a change in price that affects a consumer’s income
18. unprocessed and natural products used in production