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While researching background information on a client, Paralegal Hudson discovers that the client was once investigated by the state Fair Political Practices Commission for improperly large contributions to Congressman X's political campaign committee. As Hudson's roommate is a big fan of Congressman X, Hudson texts his roommate: "U'l neva ges wht i fnd out bout Congr. X! "
Equilibrium
A state of balance where demand equals supply in a market, leading to a stable price.
Total Surplus
The aggregate of consumer surplus plus producer surplus in a marketplace, symbolizing the overall advantages to society.
Consumer Surplus
The incongruity between the price consumers are willing to offer for a good or service versus the final cost.
Increase Supply
An upward shift in the supply curve, indicating more of a good or service is available for sale at any given price, usually the result of factors like improved technology or decreased production costs.
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