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Economics Study Guide for Chapter 4, p. 49-58

Name________________________________________
Date_________________________________________

Across
P. 57: As the price of a good falls, the quantity demanded __________.
P. 49: The relationship between a good's price and the amount that people are willing to buy.
P. 59: 2 words--What is a list of numbers that compares price with quantity supplied?
P. 57: A demand curve slopes _____ and toward the right.
P. 55: What effect says that when the price of goods rises, it affects consumers the same as if their earnings were reduced?
P. 49: The relationship between a good's price and the amount that producers are willing to provide for consumers.
Down
P. 53: The principle that states that as one's supply of a specific good or service increases, the satisfaction derived from each additional unit tends to decrease is ________ marginal utility.
P. 56: The list of numbers that compare quantity demanded with price is the demand ___________.
P. 57: If the price of gasoline rose, consumers would _______ the amount they bought.
P. 58: If a sports store were to launch an effective advertising campaign, the ________ for their goods would increase.
P. 57: The demand for _________ goods is directly related to consumers' incomes.