Examlex
Assume that beer is an inferior good. If the price of beer falls, then the substitution effect results in the person buying ________ of the good and the income effect results in the person buying ________ of the good.
Furlong v. Alpha Chi Omega
A specific legal case or controversy, but without further detail, its significance cannot be determined. If it's a real case, it would be related to a legal dispute involving the parties named.
Shipment Contract
A legal agreement specifying that the seller will bear the risk of loss or damage to the goods until they are delivered to the carrier.
Ex-Ship
A term from international trade indicating that the seller's responsibility ends once the goods are available for unloading from the ship at the destination port.
F.O.B.
A shipping term indicating that the seller is responsible for the cost of loading goods onto a vessel, with the buyer assuming the risk and transportation cost once onboard.
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