Examlex
Explain the cognitive approach to psychology.
Raise Price
The action of increasing the cost at which goods or services are sold, often to reflect increased costs or to improve profit margins.
Broadly Defined
Describes something that is regarded or classified in a very general and inclusive manner.
Substitutes
Goods or services that serve as alternatives to each other, where a rise in the price of one results in a higher demand for the other.
Market
A place or scenario where buyers and sellers interact to trade goods, services, or information, often regulated by supply and demand.
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