Examlex
You have been assigned a research project for the state board of education in which you have been asked to conduct interviews with teachers from different schools throughout the state. Your supervisor suggests that you may use either a simple random sample or a cluster sample. Outline how you would conduct this research given the sampling technique you select, explaining your preference over the other method.
Shortage
A situation where the demand for a product or service exceeds the supply available at a given price.
Equilibrium Price
The price at which the quantity of a product offered is equal to the quantity of the product in demand.
Government Imposes
Refers to regulations, taxes, or policies that a government enforces or puts into effect in order to manage the country's affairs.
Floor
The minimum price or wage level that is legally or otherwise formally set, below which the actual price or wage cannot fall.
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