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Correlational Research Suggests Relationships Between Variables, but Does Not Show

question 15

True/False

Correlational research suggests relationships between variables, but does not show, cause and effect.


Definitions:

Good

A material item or service that fulfills wants or needs, often exchanged in economic transactions.

Equilibrium Price

The market price at which the quantity of a good or service demanded equals the quantity supplied.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price in a market.

Market

An economic system or environment where buyers and sellers interact to exchange goods and services for money or barter.

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