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Why is the learning-performance distinction important to researchers of learning phenomena? Provide three types of behavioral change that are not considered to be learning.Describe how each fails to meet the definition of learning.
Equilibrium Price
The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to market balance.
Equilibrium Quantity
The quantity of goods or services that is supplied and demanded at the equilibrium price.
Supply and Demand
Fundamental economic concepts where supply represents how much the market can offer, and demand represents how much of a product or service is desired by buyers.
Supply and Demand
Economic principles stating that the price of a good is determined by its availability (supply) and consumers' desire to purchase it (demand).
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