Examlex
Based on Piagetian theory,which of the following relationships is NOT correct?
Substitute Goods
Products or services that can be used in place of each other. When the price of one falls, the demand for the other falls, and conversely with an increase of price.
Equilibrium Price
Equilibrium Price is the price point at which the quantity of goods supplied equals the quantity of goods demanded in a market.
Equilibrium Quantity
The quantity of goods or services supplied is equal to the quantity demanded at the market price.
Water Ski Boats
Boats specifically designed and equipped to create a wake suitable for water skiing and other water sports.
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