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As the number of conditions placed on probationers and electronic monitoring devices increase, so, too, will the number of offenders who fail to meet the conditions of their community-based punishment. This concept has been termed the __________ effect of increased surveillance.
Elastic
In economic terms, the sensitivity of demand for a product relative to changes in price; high elasticity indicates that demand changes significantly with price.
Economic Thinking
The application of economic principles and concepts in analyzing and understanding decision-making, policy implications, and the allocation of resources.
Aviation Multiengine Airplanes
Aircraft equipped with more than one engine, enhancing safety, power, and performance capabilities, especially in aviation.
Excess Burden
The cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium, often due to taxation or other government intervention.
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