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According to the text, interviews are considered an effective method of collecting social science data. Discuss and describe the nature of interviews as an aspect of qualitative research in sociology. Include examples to illustrate your understanding of this data gathering methodology.
Excess Demand
A situation where the demand for a product exceeds its supply at the current price, often leading to price increases.
Equilibrium Quantity
The quantity of goods or services that is supplied and demanded at the equilibrium price.
Demand Increases
A situation where the quantity of a product or service desired by buyers exceeds the quantity supplied at a particular price.
Supply Decreases
A condition in the market where the quantity of a product or service available for sale declines, which can lead to higher prices.
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