Examlex
A researcher reports that participants made fewer errors on a simulated air-traffic-control task when quiet background music was playing than when there was no music. For this study, the number of errors is the independent variable.
Substitute
A good or service that can be used in place of another, offering consumers a choice when making purchase decisions.
Input
Resources used in the production process of goods or services, including labor, materials, and capital.
Removing Subsidy
The process of eliminating financial support provided by governments to businesses, individuals, or other government departments.
Equilibrium Price
The price point at which the quantity of goods demanded equals the quantity of goods supplied, without any external intervention.
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