Examlex
A scatterline is a line fitted to a scatter chart showing the relationship between two numerical variables.
Minimum Wage
The lowest legal hourly pay that employers can offer to workers.
Legal Price
The price set by legal authority or regulation, often differing from market-driven prices.
Price Floor
A government or regulatory imposed minimum price above the equilibrium, typically set to protect producers or sectors from too low of prices.
Price Ceiling
A legal maximum price that can be charged for a good or service, above which it cannot rise.
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