Transcript Chapter 4 (new)

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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