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Published byRoger Owen Modified over 9 years ago
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What is a good that replaces another demanded good?
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substitute
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From which horror movie is this image taken?
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Bride of Frankenstein
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What term describes demand whose elasticity is exactly equal to one?
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unitary elastic
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What actor portrayed this version of the mummy?
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Boris Karloff
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What is a measure of how consumers react to a change in the price of a good?
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elasticity of demand
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In which movie did this character originally appear?
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Godzilla
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What is the desire to own something and the ability to pay for it?
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demand
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What is a table that lists the quantity of a good all consumers in a market will buy at each different price?
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market demand schedule
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What is demand that is very sensitive to a change in price?
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elastic
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From which horror movie is this image taken?
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Island of Lost Souls
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What term describes the total amount of money a firm receives by selling goods or services?
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total revenue
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In which movie did this actor originally appear?
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Freaks
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What word describes demand that is not very sensitive to a change in price?
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inelastic
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What is a good for which the demand falls when income rises?
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inferior good
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What is the assumption that nothing but the price of a good will change?
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ceteris paribus
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From which movie is this image taken?
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King Kong
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What is a graphic representation of the quantities of a good that will be bought at each price?
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demand curve
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What is the way that a change in price determines whether or not consumers buy goods?
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law of demand
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Peter Lorre portrayed a crazed doctor in this horror film.
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Mad Love
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What is the change in consumption that results from a change in real income called?
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income effect
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What is a good that is bought and used along with another good?
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complement
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What is a table that lists the quantity of a good a person will buy at each different price?
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demand schedule
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What is a good that consumers will demand more of when their incomes increase?
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normal good
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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?
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substitution effect
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In which movie did this severed head originally appear?
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The Brain That Wouldn't Die
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