Examlex
Because the Minneapolis Domestic Violence Experiment had a major impact on police policy, the National Institute of Justice decided to see if the same results would be found if the study was conducted in other cities around the U.S. This is an example of the issue of
Complements
Two goods for which an increase in the price of one leads to a decrease in the quantity demanded of the other.
General Equilibrium
A state in an economy where all markets are in equilibrium, with supply equaling demand across all sectors.
Supply Curve
A graph showing the relationship between the price of a good and the quantity of that good that suppliers are willing to offer for sale, holding all else constant.
Partial Equilibrium
Partial equilibrium is an analysis of the equilibrium position of a single market or sector within the wider economy, without considering interactions with other markets or sectors.
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