The Doctrine of Stare Decisis Has the Disadvantage of Not

question 48

True/False

The doctrine of stare decisis has the disadvantage of not allowing sufficient flexibility for the common law to change.

---

Definitions:

Law of Supply

The law of supply states that, keeping other factors constant, an increase in the price of a good or service will increase its supply, and vice versa.

Quantity Supplied

The amount of a good or service that producers are willing to sell at a given price over a specified period.

Market Supply Curve

A graphical representation showing the quantity of goods that sellers are willing and able to sell at different prices.

Individual Supply Curves

Graphs that depict the relationship between the price of a good and the quantity supplied by an individual producer.