Examlex
As a result of a decrease in the price of a substitute for your firm's product, you should anticipate a ________price for your product than the current equilibrium price and a________ equilibrium quantity than the current equilibrium quantity.
Fee Simple
An estate in land that represents the greatest interest in land that a person may possess, and that may be conveyed or passed by will to another, or that on an intestacy would devolve to the person’s heirs.
Conveyance
The act of transferring the title, rights, or interest in a property from one party to another.
Licence
A grant of permission to do something that, without such permission, would be illegal, a trespass, or a tort.
Easement
A right to use the property of another, usually for a particular purpose.
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