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Exhibit 9-2
-The price elasticity of demand between P = $3 and P = $2 in Exhibit 9-2 is
Corporations
Are legal entities that can enter into contracts and own property. They are taxed at a lower rate than individuals are and their owners are normally not liable for the corporation’s debt or any harm it may cause the public.
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Acts or omissions that violate laws and are punishable by the state or other authority.
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The formal declaration that someone is guilty of a criminal offense, made by the verdict of a jury or the decision of a judge.
Gang Members
Individuals who are part of an organized group known for committing criminal activities and occupying certain territories or social spaces.
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