Examlex
Left-realists argue that police should reduce their use of force, increase their sensitivity to the public, and be more responsive to community needs.
Consumer Surplus
The distinction between the aggregate amount consumers are inclined and capable of paying for a service or product and what they actually disburse.
Minimum Imposed Price
A price floor set by the government or a regulatory body, below which the price of a good or service cannot fall.
Producer Surplus
The difference between the amount producers are willing and able to supply a good for and the actual amount received by them when the good is sold.
Consumer Surplus
The variance between the price consumers are ready to offer for a good or service and the price they actually incur.
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