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If supply is P = 20 + 10Q and P = $22,the price elasticity of supply is
Guarantor
A guarantor is a person or entity that agrees to be responsible for another's debt or obligations, should the original party fail to meet their responsibilities.
Guarantee
A formal promise or assurance, typically in writing, that certain conditions will be fulfilled, especially that a product will be repaired or replaced if not of a specified quality.
Statute of Frauds
A legal concept that requires certain types of contracts to be in writing and signed by the party to be charged, in order to be legally enforceable.
Indemnity
A security or protection against a loss or other financial burden.
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