1:00
en
CR
Supply and Demand
10
Demand : The desire to own something & have the ability to pay for it
Demand Curve : A graphic representation of a demand schedule
Income Effect : Change in consumption resulting from a change in real income
Normal Good : A good that a consumer demands more of when their income increases
Substitutes : Goods that replaces another
Complements : Two goods that are brought and used together
Inferior Goods : A good that consumer demand less of when their income increases
Ceteris Paribus : A Latin phrase that means "all other things held constant"
Inelastic : Describes demand that is not very sensitive to a change in price
Elastic : Describes demand that is very sensitive to a change in price
Supply and Demand
Across:| 1. | Describes demand that is not very sensitive to a change in price | | 7. | The desire to own something & have the ability to pay for it | | 8. | A graphic representation of a demand schedule | | 10. | Goods that replaces another |
| | Down:| 2. | Describes demand that is very sensitive to a change in price | | 3. | A good that consumer demand less of when their income increases | | 4. | A Latin phrase that means "all other things held constant" | | 5. | Two goods that are brought and used together | | 6. | Change in consumption resulting from a change in real income | | 9. | A good that a consumer demands more of when their income increases |
| |
© 2015
PuzzleFast.com, Noncommercial Use Only
Supply and Demand
Across:| 1. | Describes demand that is not very sensitive to a change in price | | 7. | The desire to own something & have the ability to pay for it | | 8. | A graphic representation of a demand schedule | | 10. | Goods that replaces another |
| | Down:| 2. | Describes demand that is very sensitive to a change in price | | 3. | A good that consumer demand less of when their income increases | | 4. | A Latin phrase that means "all other things held constant" | | 5. | Two goods that are brought and used together | | 6. | Change in consumption resulting from a change in real income | | 9. | A good that a consumer demands more of when their income increases |
| |
© 2015
PuzzleFast.com, Noncommercial Use Only