Examlex
Suppose in a certain city the demand for low-cost housing can be characterized by the equation P = 500 - 2Q,where Q is housing measured in square feet.Further,suppose that supply is characterized by the equation: P = 25 + 3Q.
(A)How much consumer surplus is there?
(B)Suppose that a grant is given so that the supply of housing is increased.This increase changes the supply curve to P = 3Q.How much does consumer surplus change because of the grant?
In Personam
Pertaining to a legal action directed against a specific person demanding them to take a specific action or refrain from doing so.
In Rem
A legal term referring to a court's jurisdiction over an object or property rather than over a person.
Forum Non Conveniens
A legal principle allowing courts to dismiss a case if another court or forum is more suited to hear the case, usually because it is more convenient for the parties or the evidence.
Federal Criminal Prosecutions
The legal proceedings initiated by the federal government against individuals or entities accused of violating federal criminal laws.
Q2: If Wages and Salaries Payable is debited,what
Q3: Commodity egalitarianism suggests that some goods be
Q11: A model is a simplified description of
Q13: Because of the differing account conventions,there is
Q15: <span class="ql-formula" data-value="\begin{array} { | l |
Q17: The following can be analyzed using econometrics:<br>A)
Q21: Consider a simple exchange economy where the
Q22: From the figures below,the market price of
Q27: Government is inherently bad.<br>A) True<br>B) False<br>C) Uncertain
Q97: CPA Canada:<br>A)has primary responsibility for setting the