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If the price of a good is higher than the equilibrium price
Mental Age
A measure of intelligence test performance devised by Binet; the chronological age that most typically corresponds to a given level of performance. Thus, a child who does as well as the average 8-year-old is said to have a mental age of 8.
Divergent Thinking
Divergent thinking is a thought process or method used to generate creative ideas by exploring many possible solutions, often leading to unique and unconventional outcomes.
Mental Age
A measure of an individual's cognitive ability as compared to the average cognitive ability for their chronological age.
Intellectual Abilities
The capacity to perform mental activities involving reasoning, problem-solving, and abstract thinking.
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