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As a Technique for Creating Equivalent Groups, When Is Matching

question 16

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As a technique for creating equivalent groups, when is matching preferred over random assignment?


Definitions:

Supply

The total quantity of a good or service that the market can offer.

Demand

The amount of a product or service that consumers are willing and able to purchase at various prices during a specified period.

Equilibrium

A situation where the amount of goods available in the market matches what consumers want to buy, leading to stable prices and consistent availability.

Excess Supply

A situation where the quantity of goods or services supplied is greater than the quantity demanded at a given price.

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