What is a good that replaces another demanded good?
substitute
From which horror movie is this image taken?
Bride of Frankenstein
What term describes demand whose elasticity is exactly equal to one?
unitary elastic
What actor portrayed this version of the mummy?
Boris Karloff
What is a measure of how consumers react to a change in the price of a good?
elasticity of demand
In which movie did this character originally appear?
Godzilla
What is the desire to own something and the ability to pay for it?
demand
What is a table that lists the quantity of a good all consumers in a market will buy at each different price?
market demand schedule
What is demand that is very sensitive to a change in price?
elastic
From which horror movie is this image taken?
Island of Lost Souls
What term describes the total amount of money a firm receives by selling goods or services?
total revenue
In which movie did this actor originally appear?
Freaks
What word describes demand that is not very sensitive to a change in price?
inelastic
What is a good for which the demand falls when income rises?
inferior good
What is the assumption that nothing but the price of a good will change?
ceteris paribus
From which movie is this image taken?
King Kong
What is a graphic representation of the quantities of a good that will be bought at each price?
demand curve
What is the way that a change in price determines whether or not consumers buy goods?
law of demand
Peter Lorre portrayed a crazed doctor in this horror film.
Mad Love
What is the change in consumption that results from a change in real income called?
income effect
What is a good that is bought and used along with another good?
complement
What is a table that lists the quantity of a good a person will buy at each different price?
demand schedule
What is a good that consumers will demand more of when their incomes increase?
normal good
What phenomenon occurs when consumers react to an increase in a good’s price by consuming less of that good and more of other goods instead?
substitution effect
In which movie did this severed head originally appear?
The Brain That Wouldn't Die