Transcript No Slide Title

SCARY
NECK
BOLTS
CREEPY
FANGS
UGLY
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What is a good that is
bought and used along
with another good?
complement
What is the desire to
own something and the
ability to pay for it?
demand
In which
movie did
this
character
originally
appear?
The
Invisible
Man
What is the assumption
that nothing but the
price of a good will
change?
ceteris paribus
In which movie did this
monster originally
appear?
Fiend
without a
Face
What is a graphic
representation of the
quantities of a good that
will be bought at each
price?
demand curve
In which
movie did
this
monster
originally
appear?
The
Mummy
In which movie did
this monster
originally appear?
Creature
from the
Black Lagoon
What is the change in
consumption resulting
from a change in real
income?
income effect
What is a measure of
how consumers react to
a change in the price of
a good?
elasticity of
demand
What is a good that
replaces another
demanded good?
substitute
What is a good for
which the demand falls
when income rises?
inferior good
What is demand that is
very sensitive to a
change in price?
elastic
What actor portrayed
this version of Dracula?
Bela
Lugosi
What economic principle
says, “Consumers buy
more of a good when the
price decreases and less
when the price increases?”
Law of
Demand
What term describes the
total amount of money a
firm receives by selling
goods or services?
total revenue
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 actor portrayed this version
of the Frankenstein monster?
Boris
Karloff
What word describes
demand that is not very
sensitive to a change in
price?
inelastic
In which
movie did
this
monster
originally
appear?
The
Wolfman
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 term describes
demand whose elasticity
is exactly equal to one?
unitary elastic
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 monster
originally appear?
Robot
Monster