Examlex
When firms internalize a negative externality, the market supply curve shifts to the left.
Categorical
Refers to data or variables that represent categories, such as 'gender' or 'type of car', where the categories do not have a natural order.
Correlation Coefficient
A numerical measure that indicates the extent to which two or more variables fluctuate together.
Independent Variable
An independent variable is the condition or factor that is manipulated by a researcher to observe its effects on the dependent variable.
Dependent Variable
The element in a study that is anticipated to vary as a result of adjustments made to the independent variable.
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