During the Last Decade, the Price of a Computer Fell

question 321

Multiple Choice

During the last decade, the price of a computer fell every year and the quantity sold increased every year. This experience suggests that the

• A) supply curve shifted rightward.
• B) "law of demand" was definitely contradicted.
• C) "law of supply" was definitely contradicted.
• D) demand curve shifted rightward.

Understand the concept of strict liability and its exceptions.

Recognize the importance of warnings and information disclosure in avoiding negligence claims.

Understand the concept of superseding cause and how it affects liability.

Grasp the principles of comparative and contributory negligence.

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Definitions:

Humans

Homo sapiens, the species of bipedal primates to which all modern human beings belong, characterized by a highly developed brain.

Dogs

Domesticated mammals known for their loyalty and companionship, commonly kept as pets or used for work in various fields.

Western Cultures

Western cultures refer to societies that are rooted in the histories, social norms, and values of Western Europe and other regions influenced by European immigration, characterized by a focus on individualism and democracy.

Extraversion

A personality trait characterized by outgoingness, high energy, and being socially oriented.