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What is the reflective thinking method? Identify the steps used in the method, and the techniques that can be useful in each step.
Primary Variable
A key factor in experiments or models that can be manipulated or measured to assess its effects.
Consumer Incomes
The total income received by consumers, including wages, salaries, and other earnings, that influences spending behaviors and economic demand.
Demand Curve
A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers, typically downward sloping.
Quantity Demanded
The amount of a product or service consumers are willing and able to buy at a particular price.
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