Examlex
Mayor Smith asks Chief Gomez how crime rates have changed since he became the chief of police in 1990. Which of the following statements is most likely to be true of crime trends in Anytown, USA if they are the same as national crime trends?
Technology
The application of scientific knowledge for practical purposes, especially in industry, which drives innovation, efficiency, and productivity improvements.
Supply
Supply is the total amount of a good or service available for purchase at any given price level in a given market.
Equilibrium Price
The price at which the quantity of goods supplied is equal to the quantity of goods demanded.
Demand
How much of a service or product buyers intend and are financially able to acquire at various price intervals during a designated period.
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