Chapter 4 ecomonics vocab Crossword
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
 
 
Down: 1) The ratio of the percentage change in demand to the percentage change in income2) The ratio of a percentage change in demand of one good to a percentage change in the price of another good3) A 1 percent change in income generates less than 1 percent change in demand4) the ratio percentage change in quanity supplied to the percentage change in price5) A term economist use to describe sensitivity6) Quality of the range of a demand curve where elasticities of demand are greater then 17) The observation that income demand fr food are less than 18) Goods for which demand decreases when peoples income increases10) A 1 percent change in income generates greater then 1 percent change in demand 11) The price of a good multiplied by the number of units sold12) Quality of the range of a demand curve where elasticities of demand are less then 1 Across: 9) Price elasticity to 1. In this range, price cuts or increases do not affect total revenue12) 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 price
 

 

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