As Established in the New York City Police Department, CompStat

question 31

Multiple Choice

As established in the New York City Police Department, CompStat is:

• A) A program that relies on confidential informants.
• B) Based on the philosophy that crime doesn't pay.
• C) A program that punishes police officers who fail to solve crimes.
• D) Based on the idea of utilizing accurate and timely intelligence about underlying crime conditions.

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Definitions:

Perfectly Elastic Demand

A market situation where demand for a product is infinitely sensitive to changes in price, leading to zero consumer tolerance for price increases.

Inelastic Demand

A market condition in which the demand for a product does not significantly change in response to a change in its price.

Less Elastic Demand

A situation where the demand for a product or service is relatively unresponsive to changes in price.

Economic Profits

The difference between total revenues and total costs, including both explicit and implicit costs, signaling the overall profitability from an economic standpoint.