Economics Ch. 3&4 Word Scramble
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| Question | Answer |
| Law of Demand | It states that more goods will be bought as prices go down. |
| Income | The amount of money someone makes in a period of time. |
| Substitute Goods | Goods that can take the place of another. |
| Interchangeable | Capable of being used in place of one another. |
| Complementary Goods | Goods that are used with each other. |
| Demand Curve | A graph showing how demand varies with a change in its price. |
| Style | Changes in taste that affect prices of items. |
| Law of Supply | Law which states that producers will supply more of a good as prices become higher |
| Incentive | Something that encourages people to work harder or to produce more |
| Cost of Production | Costs of the “factors of production” that must be paid by producers. |
| Supply Curve | A graph showing the amount of a good or service that producers are willing and able to produce at different prices |
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