Examlex
A health researcher had conducted trials testing the influence of age and cancer survival rates. She found a significant relationship between the two variables, with younger patients more likely to survive for two years following the completion of treatment than older patients. However, during the clinical trials she observed that a significant number of her older participants had good survival rates, irrespective of their ages and she suspected that their positive mental attitudes might also have an influence on their likelihood of survival. What sort of analysis should she conduct to explore this further?
Substitutes
Two goods for which an increase in the price of one leads to an increase in the quantity demanded of the other.
General Equilibrium Analysis
Simultaneous determination of the prices and quantities in all relevant markets, taking feedback effects into account.
Partial Equilibrium Analysis
Determination of equilibrium prices and quantities in a market independent of effects from other markets.
Movie Theater Tickets
Physical or electronic vouchers that grant the holder the right to enter a movie theater and view a film.
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