Examlex
Outline recent research concerning moral intuition and explain how it relates to earlier research on moral reasoning.
Equilibrium Price
The cost at which the amount of a product or service sought by consumers matches the amount available from suppliers.
Equilibrium Quantity
At the market equilibrium price, the amount of goods or services provided matches the amount that is demanded.
Substitutes
Goods or services that can replace each other in usage, such that an increase in the price of one leads to an increase in demand for the other.
Equilibrium Quantity
The quantity of goods or services supplied and demanded at the equilibrium price in a market.
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