The Doctrine of ________ Is the Principle That Performing a Good

question 10

Short Answer

The doctrine of ________ is the principle that performing a good action may be permissible even if it has bad effects, but performing a bad action for the purpose of achieving good effects is never permissible.

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Definitions:

Equilibrium Price

The selling price where the amount of products offered is equal to the amount of products consumers want to buy.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a particular price over a specified period.

Quantity Demanded

Denotes the overall quantity of a product or service that buyers are ready and capable of buying at a certain price point during a specified timeframe.

Shortage

A situation where the demand for a product exceeds the supply available at a specific price.