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Suppose the equilibrium price of good Y is $5 and the equilibrium quantity is 150 units. If the price of good Y is $12:
Quantitative
Pertaining to or expressible in terms of quantity, often involving the use of statistical methods to collect and analyze numerical data.
Occupational Safety
Refers to the practice and discipline of ensuring the safety, health, and welfare of individuals engaged in work or employment.
Willful Violations
Deliberate breaches of regulations or policies, often with knowledge of the wrongfulness or with neglect of safety and health standards.
Per Violation
A term often used in a legal or regulatory context, indicating a penalty or fine assessed for each instance of non-compliance or infringement.
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