interchangeable
graph
demand curve
states that consumers will buy more of a G or S as the price goes down
income
a line that represents the amount of G& S consumers will buy at different prices
goods that can take the place of one another
demand
the amount of a G’s & S’s that consumers are willing to buy at different prices
a diagram that shows the relationship between two or more sets of things
law of demand
capable of being put in place of one another
substitute goods
complementary goods
goods that are used with each other, example: cars and tires
the amount of money that a person makes in a certain period of time
