Chapter 4 ecomonics vocab Crossword
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
 
 
Down: 2) The ratio of the percentage change in demand to the percentage change in income3) The ratio of a percentage change in demand of one good to a percentage change in the price of another good5) Quality of the range of a demand curve where elasticities of demand are less then 16) The price of a good multiplied by the number of units sold Across: 1) Price elasticity to 1. In this range, price cuts or increases do not affect total revenue4) A 1 percent change in income generates greater then 1 percent change in demand 7) A 1 percent change in income generates less than 1 percent change in demand8) the ratio percentage change in quanity supplied to the percentage change in price9) The ratio of percentage change in quantity demanded to a percentage change in price. Its numerical value expresses the percentage change in quantity demanded generated by a 1 percent change in price10) A term economist use to describe sensitivity11) The observation that income demand fr food are less than 112) Quality of the range of a demand curve where elasticities of demand are greater then 113) Goods for which demand decreases when peoples income increases
 

 

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