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Define histograms and state the rules for developing histograms.
Wage Increase
The rise in the hourly, daily, or monthly pay rate for workers, often sought after by employees and unions.
Employment in Steel Industry
Refers to the workforce engaged in the production and processing of steel, an important sector for many economies.
Elastic Demand
A situation where the quantity demanded of a product changes significantly due to a change in its price.
Elastic Demand
A situation where the quantity demanded of a good or service significantly changes in response to a change in its price.
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