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In the market for apartment rentals, the demand and supply equations are given by QD = 10,000 – P and QS = 2P + 5,500, where P is the price per apartment and Q measures the quantity of apartments. What happens at a price floor of $2,000?

Alex is willing to pay $75 for a pair of Nike sneakers. He bought a pair for $55. The sneakers cost Nike $40 to make. What is the producer surplus?

Suppose that the government increases the sales tax on brand new cars. Since used cars and brand new cars are ____, we expect the prices for used cars to ____.

Assume the equilibrium price for gasoline is $4 per gallon in Tucson. The government, worried about the citizens, sets a maximum allowable price of $3.5 per gallon of gasoline. This policy will

The vast majority of trials happen in which type of court?

Suppose Arizona passes a law that requires Arizona residents to pay 6% sales tax on all goods, but residents of California to pay 15% sales tax on the same goods. This is likely a violation of which clause in the Constitution?

If a corporate director is sued because of a decision the board made, the company has an obligation to pay for the director’s defense in court. This is known as what?

The most important factor impacting a company’s ethical climate is ___________.

The Theranos board of directors failed in its governance responsibilities because the board members were what?

If a corporation’s board of directors consists of nine members, how many directors must be present at a meeting for the board to make any decisions?