Examlex
Given equivalent costs, multistage cluster sampling is superior to simple random sampling.
Supply Curve
A graphical representation of the supply schedule, showing the relationship between quantity supplied and price.
Demand Curve
A graphical representation of the demand schedule, showing the relationship between quantity demanded and price.
Equilibrium Quantity
The quantity of a good or service bought and sold at the equilibrium (or market-clearing) price.
Excise Tax
A tax imposed on specific goods, services, or activities, usually with the aim of reducing consumption or generating revenue.
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