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Pretest-posttest designs are quasi-experiments when they do not contain a
Long-Run Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity supplied after all inputs have been adjusted to their optimal levels.
Increase in Demand
A shift in the demand curve to the right, signifying that consumers are willing to purchase more of a good or service at the same prices, due to factors like increased income or changes in tastes.
Equilibrium Price
The market price at which the quantity of a good or service demanded equals the quantity supplied, leading to market equilibrium.
Short Run
A period of time during which at least one input in the production process is fixed, limiting the ability of a business to adjust to changes in market demand.
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