According to the Theory of Strict Liability,anyone Who Sells a Product

question 55

True/False

According to the theory of strict liability,anyone who sells a product that is defective or unreasonably dangerous is subject to liability for any physical harm caused to the user,the consumer,or the property of either.

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Definitions:

Supply Curves

Graphical representations showing the relationship between the price of a good and the quantity of that good that producers are willing to supply.

Price

The financial contribution expected, compelled, or made in payment for something.

Tariff

A tax imposed by a government on goods and services imported from other countries, used to control trade volumes.

Decrease in Supply

This occurs when there is a reduction in the quantity of a good or service that producers are willing and able to supply at all possible prices.