If Goods X and Y Are Substitutes and the Price

question 146

Multiple Choice

If goods X and Y are substitutes and the price of X falls,all other things being equal,the demand curve for Y will

• A)shift to the left.
• B)shift to the right.
• C)not shift at all.
• D)be indeterminate.

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Definitions:

Comparative Negligence

A principle of tort law that compares the negligence of the conflicting parties and apportions damages accordingly.

Res Ipsa Loquitur

A Latin term that means "the thing speaks for itself," used in tort law to refer to cases where the negligence is inferred from the nature of the accident.

Actual Cause

The true reason an event occurred, which directly led to the damage or injury, forming a basis for establishing legal liability.

Res Ipsa Loquitur

A legal doctrine that allows the presumption of negligence by proving that the type of accident would not occur without someone's negligence.