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