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Kevin Is a Good Student

question 38

Multiple Choice

Kevin is a good student. He studies hard because when he does he gets the teacher's approval. His studying behavior was probably learned through ________.


Definitions:

Price Controls

Government-imposed limits on the prices that can be charged for goods and services in a market.

Inequities

Unfair, avoidable differences in treatment or opportunities across individuals or groups.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a given period.

Equilibrium Price

The cost at which the amount of products offered matches the amount of products requested.

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