Economics Crossword

an insistent and peremptory request
All factors are equal
as prices rise consumers will replace more expensive items with less expensive items
increases and decreases in prices affect people's income
a table of quality demand of goods at different prices
a table of goods that all consumers in a market will buy at any price
a graph showing how the demand for a commodity or services varies with change of prices
with other conditions remaining the same
goods that the demand increases when the income increases
a good whose quality demand decreases when the consumer's income increases
statistical data relating to the population and particular groups within it
a number or quantity of something required to make a group complete.
use or add in place of.
is a measure used in economics to show the responsiveness
insensitive to changes in price or income
sensitive to changes in price or income
a change in the price of that good causes an equal change in quantity demanded
economics refers to the total receipts from sales of a given quantity of goods or services
something available to someone
a fundamental principle of economic theory which states that, all else equal, an increase in price results in an increase in quantity supplied
the amount of a good that sellers are willing to sell and are able to sell
a tabular depiction of the relationship between price and quantity supplied, represented graphically as a supply curve.
not consistent or having a fixed pattern
shows you how the supply changes when you increase or decrease the price
a graphical representation of the relationship between the price of a good or service and the quantity supplied for a given period of time
measured as the ratio of proportionate change in the quantity supplied to the proportionate change in price
a factor of production is generally defined as the change in output associated with a change in that factor, holding other inputs into production constant
a law of economics that states an increasing number of new employees causes the marginal product of another employee to be smaller than the marginal product of the previous employee at some point
business costs, such as rent, that are constant whatever the quantity of goods or services produced.
a cost that varies with the amount of output
equal to total cost divided by the number of goods produced