Law of Demand Crossword Puzzle

QUESTIONS LIST:

• inferior good : a good or service whose consumption declines as income rises, and conversely, price remaining constant; inverse relationship with income
• pinte : acronym for non-price (demand) determinants
• substitution good : products or services that can be used in place of each other; when the price of one falls, the demand for the other product falls
• expectations : prices may rise and fall in the future
• trigger : the thing that makes the demand curve shift
• changes in income : people begin making more or less money changing the demand curve
• number of buyers : when something happens to introduce a greater number or decreased number of consumers in a market
• law of demand : as prices rise, quantity demand falls; as prices fall, quantity demand rise
• demand determinants : price of related goods, income, number of buyers, taste preference, expectations
• income effect : a change in the quantity demanded of a product that results from the change in real income
• taste preference : with favorable changes, demand will increase; with unfavorable changes, demand will decrease
• complementary good : products or services that are used together; when the price of one falls, the demand for the other increases
• demand : a schedule or curve that shows the various amounts of a product that consumers are willing and able to purchase at each of a series of possible prices during a specified period of time
• along the curve : when price changes, where is there a movement?