Examlex
Self selection means that job seekers are eliminated from the applicant pool by HR specialists called 'self selectors'.
Normal Goods
Items for which demand increases as consumer income rises, showing a positive correlation between income and demand.
Law of Supply
A fundamental principle stating that, all else being equal, an increase in the price of a good will result in an increase in the quantity supplied.
Price-elasticity of Supply Coefficient
A numerical measure of how much the quantity supplied of a good responds to a change in its price.
Negative Sign
Generally represents an opposite direction of influence or a decrease in a mathematical or statistical context.
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