Law of Demand Crossword Puzzle

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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?

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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?