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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 elasticity when a change in price generates a proportional change of demand (or supply)?
unit 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?
demand elasticity
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 the measure of how responsive demand or supply are to a change in price?
elasticity
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 the decrease in additional satisfaction a person gets from using a product called?
diminishing marginal utility
What economic assumption makes price the only variable?
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 economic principle describes an inverse relationship between price and quantity demanded?
Law of Demand
Bela Lugosi died while making this awesomely bad movie.
Plan 9 from Outer Space
What is the change in demand that occurs because of a change in real income?
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 the extra usefulness or additional satisfaction a person gets from acquiring or using a product?
marginal utility
What phenomenon occurs when consumers replace a good that has increased in price with an alternative that's less expensive?
substitution effect
Name this sci-fi classic from 1956.
Forbidden Planet
