Examlex
In situations where the respondents are expected to have no opinions,as opposed to simply being reluctant to disclose it,the accuracy of data may be improved by a non-forced scale that includes a "no opinion" category.
Excess Demand
A situation where the quantity demanded of a good exceeds the quantity supplied at a given price, often leading to upward pressure on prices.
Equilibrium Quantity
The quantity of goods or services at which demand equals supply, leading to a stable market condition.
Minimum Wage
The lowest legal wage that can be paid to most workers.
Unskilled Workers
Laborers who have limited or no special skills or training, often employed in relatively simple tasks.
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