Examlex
Which of the following is the correct order of Erik Erikson's third, fourth and fifth stages of psychosocial development?
Supply
The total amount of a good or service that is available for purchase at any given price level.
Demand
The extent of a good or service that patrons are inclined and have the ability to secure at different price ranges over a set period.
Substitute
A product or service that can be used in place of another, offering consumers an alternative choice.
Equilibrium Price
The price point where market supply matches market demand, leading to a balanced market condition.
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