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June 18, 2026 

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FEDERAL SURPLUS: The difference between federal government spending and taxes when taxes are greater than spending.

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CHANGE IN QUANTITY DEMANDED

A movement along a given demand curve caused by a change in demand price. The only factor that can cause a change in quantity demanded is price. A related, but distinct, concept is a change in demand.

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APLS

BLACK DISMALAPOD
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Today, you are likely to spend a great deal of time at a garage sale trying to buy either a toaster oven that has convection cooking or a birthday gift for your mother. Be on the lookout for deranged pelicans.
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A half gallon milk jug holds about $50 in pennies.
"We must be willing to let go of the life we have planned, so as to have the life that is waiting for us. "

-- E. M. Forster, writer

LRMC
Long Run Marginal Cost
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