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question 115

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Use the following to answer question: Use the following to answer question:   -(Figure: The Linear Demand Curve) Use Figure: The Linear Demand Curve.If the price is initially $10,then falls to $9,this will result in a(n) _____ in quantity demanded and a(n) _____ in total revenue. A) decrease;decrease B) decrease;increase C) increase;decrease D) increase;increase
-(Figure: The Linear Demand Curve) Use Figure: The Linear Demand Curve.If the price is initially $10,then falls to $9,this will result in a(n) _____ in quantity demanded and a(n) _____ in total revenue.


Definitions:

Reasonably Safe

A term describing a status of products or environments that are considered to have acceptable levels of risk, adhering to standard safety guidelines.

Warning Defect

A lack or inadequacy in the instructions or notices that come with a product, which fail to alert users to potential risks.

Product Liability

The legal obligation of manufacturers, distributors, suppliers, and retailers to compensate for injury or damage caused by defective products.

Due Care

The level of judgment, attention, and diligence reasonably expected of a person under certain circumstances.

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