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What is a good that replaces another demanded good?

What is a good that replaces another demanded good?

substitute

substitute

From which horror movie is this image taken?

From which horror movie is this image taken?

Bride of Frankenstein

Bride of Frankenstein

What term describes elasticity when a change in price generates a proportional change of

What term describes elasticity when a change in price generates a proportional change of demand (or supply)?

unit elastic

unit elastic

What actor portrayed this version of the mummy?

What actor portrayed this version of the mummy?

Boris Karloff

Boris Karloff

What is a measure of how consumers react to a change in the price

What is a measure of how consumers react to a change in the price of a good?

demand elasticity

demand elasticity

In which movie did this character originally appear?

In which movie did this character originally appear?

Godzilla

Godzilla

What is the desire to own something and the ability to pay for it?

What is the desire to own something and the ability to pay for it?

demand

demand

What is the measure of how responsive demand or supply are to a change

What is the measure of how responsive demand or supply are to a change in price?

elasticity

elasticity

What is demand that is very sensitive to a change in price?

What is demand that is very sensitive to a change in price?

elastic

elastic

From which horror movie is this image taken?

From which horror movie is this image taken?

Island of Lost Souls

Island of Lost Souls

What term describes the total amount of money a firm receives by selling goods

What term describes the total amount of money a firm receives by selling goods or services?

total revenue

total revenue

In which movie did this actor originally appear?

In which movie did this actor originally appear?

Freaks

Freaks

What word describes demand that is not very sensitive to a change in price?

What word describes demand that is not very sensitive to a change in price?

inelastic

inelastic

What is the decrease in additional satisfaction a person gets from using a product

What is the decrease in additional satisfaction a person gets from using a product called?

diminishing marginal utility

diminishing marginal utility

What economic assumption makes price the only variable?

What economic assumption makes price the only variable?

ceteris paribus

ceteris paribus

From which movie is this image taken?

From which movie is this image taken?

King Kong

King Kong

What is a graphic representation of the quantities of a good that will be

What is a graphic representation of the quantities of a good that will be bought at each price?

demand curve

demand curve

What economic principle describes an inverse relationship between price and quantity demanded?

What economic principle describes an inverse relationship between price and quantity demanded?

Law of Demand

Law of Demand

Bela Lugosi died while making this awesomely bad movie.

Bela Lugosi died while making this awesomely bad movie.

Plan 9 from Outer Space

Plan 9 from Outer Space

What is the change in demand that occurs because of a change in real

What is the change in demand that occurs because of a change in real income?

income effect

income effect

What is a good that is bought and used along with another good?

What is a good that is bought and used along with another good?

complement

complement

What is a table that lists the quantity of a good a person will

What is a table that lists the quantity of a good a person will buy at each different price?

demand schedule

demand schedule

What is the extra usefulness or additional satisfaction a person gets from acquiring or

What is the extra usefulness or additional satisfaction a person gets from acquiring or using a product?

marginal utility

marginal utility

What phenomenon occurs when consumers replace a good that has increased in price with

What phenomenon occurs when consumers replace a good that has increased in price with an alternative that's less expensive?

substitution effect

substitution effect

Name this sci-fi classic from 1956.

Name this sci-fi classic from 1956.

Forbidden Planet

Forbidden Planet