Examlex
Suppose the current price of oil is $50 a barrel and the quantity supplied is 800 million barrels per day.If the price elasticity of supply for oil in the short run is estimated at 0.5, use the midpoint formula to calculate the percentage change in quantity supplied when the price of oil rises to $58 a barrel.
Supreme Court
The highest judicial body in a country or jurisdiction, which has the ultimate authority in interpreting the law and constitution.
Civil Marriage
A marriage performed, recorded, and recognized by a government official without religious content.
Bilingual Province
A region within a country that officially recognizes and supports the use of two languages for government, education, and public communication.
New Brunswick
A province in eastern Canada known for its maritime landscapes, Acadian culture, and as one of the country's three Maritime provinces.
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