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Jefferson is a banker at Bridgepoint bank. One afternoon, he takes a deposit from Sharon for $8,000. After Sharon leaves the bank, Jefferson changes the information on the computer and puts the money into his own account. With what crime would Jefferson be charged? What are the elements of this crime? Compare this crime with larceny.
Equilibrium
A market condition in which the equilibrium of supply and demand leads to price stability.
Equilibrium Price
The price at which the quantity of a product offered is equal to the quantity of the product in demand, thus balancing supply and demand.
Surplus
A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price, often leading to a decrease in price.
Quantity Supplied
The aggregate supply of a good or service that manufacturers intend to sell, contingent upon a particular price level within a set period.
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