Under ______, a Bar Owner or Bartender May Be Held

question 70

Multiple Choice

Under ______, a bar owner or bartender may be held liable for injuries caused by a person who became intoxicated while drinking at the bar or who was already intoxicated when served by the bartender.

• A) dram shop acts
• B) Good Samaritan statutes
• C) bar owner liability acts
• D) defamation acts

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Definitions:

Elastic

Describes a situation in which the quantity demanded or supplied of a good or service is highly responsive to changes in price.

Inelastic

Describes a situation where the demand or supply for a product does not significantly change with the price's increase or decrease.

Taxable Income

The portion of an individual's or entity's income used to determine how much tax is owed to the government in a specific period.

Progressive

A tax system where the tax rate increases as the taxable amount increases, often aimed at achieving a more equitable distribution of income.