Examlex
Which of the following is a microeconomic topic?
Quantity Demanded
The combined quantity of a product or service that consumers are inclined and ready to purchase at an identified price.
Excess Demand
A market condition where the quantity demanded of a product exceeds the quantity supplied at a given price, leading to upward pressure on prices.
Selection Bias
Selection bias occurs when the sample used is not random.
National Rifle Association
A U.S.-based organization that advocates for gun rights, promotes firearm competency, and provides firearm training.
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