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Established in 1968,the ___________ was set up within the U.S.Department of Justice to allocate money to improve the efficiency and effectiveness of the criminal justice system.Between 1968 and 1977,the organization spent more than $6 billion on crime control programs and college education for police officers.
Market Demand
The total quantity of a good or service that consumers are willing and able to purchase at various prices during a specific time period.
Elastic
Describes a situation where the demand or supply of a good or service changes significantly in response to price changes.
Fixed Costs
Expenses that remain consistent regardless of production or sales volume, like lease payments, wages, and insurance costs.
Total Costs
The complete amount of all costs incurred during the production of goods or services, including both steady and varying expenses.
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