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The figure given below shows the demand [D and D'] and supply [S and S'] curves of shares of stock.Figure 17.2
-The column 'Close' in the mutual fund table indicates the lowest asset value at which the fund was sold at the end of the last week.
Egocentrism
An important feature of preoperational thought: the inability to distinguish between one’s own and someone else’s perspective.
Animism
A facet of preoperational thought: the belief that inanimate objects have lifelike qualities and are capable of action.
Centration
A term from developmental psychology, describing the tendency of children in the preoperational stage to focus on one aspect of a situation and ignore others.
Irreversibility
A cognitive limitation in young children's thinking, where they are unable to understand that an action can be done and undone.
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