Approximately What Percentage of Cases Filed Actually Make It to Trial

question 8

Multiple Choice

Approximately what percentage of cases filed actually make it to trial?

• A)10%
• B)25%
• C)50%
• D)90%

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Definitions:

Willingness to Pay

The maximum amount a consumer is prepared to spend for a good or service.

Baseball Game Ticket

A document or electronic card that grants the bearer entry to a baseball game.

Consumer Surplus

The distinction between the full amount consumers are willing and able to spend on a good or service and the actual sum paid.

Price Floor

A government or group-imposed price control or limit on how low a price can be charged for a product, above the equilibrium price.