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During the dot-com bubble, consumers believed that the Internet would radically change the shopping experience and lead to higher incomes throughout the economy. How would the dot-com bubble be best represented in the AD/AS model?
Lack of Capacity
A legal term referring to an individual's inability to enter into a contract due to mental incompetence or age.
Duress
Unlawful pressure exerted upon a person to coerce them into an action against their will, often making a contract voidable.
Undue Influence
An unfair manipulation by one person over another, often leading the influenced party to make decisions that are not in their best interest.
Affirming Contract
The act of formally agreeing to the terms of a contract, thereby making it legally binding.
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