Examlex
Jerome is afraid of the ocean.In order to help him overcome his fear,Jerome's therapist suggests that they immediately go swim in the ocean for 30 minutes.Jerome's therapist is using the ________ technique.
Derived Demand
Demand for a factor of production or good that results from the demand for another related good or service.
Substitution Effect
The change in consumption patterns due to a shift in relative prices that makes one product more economically attractive than another.
Output Effect
The output effect refers to the impact changes in production volume have on a company's total costs and profitability.
Substitute Resource
A resource that can be used in place of another in production processes, often influencing supply and price levels.
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