Examlex
Goods are _____ when the cross-price elasticity of demand is positive and _____ when the cross-price elasticity of demand is negative.
Section 402A
A section of the Restatement (Second) of Torts in American law that addresses the liability of the seller for harm caused by a product despite the absence of a contractual relationship.
Preemption
A legal doctrine under which a higher authority's laws take precedence over those of a lower authority when both entities have the power to legislate on a subject.
Mootness
A concept whereby a case is deemed inadmissible for judicial review if the underlying issue has been resolved or rendered irrelevant.
Ripeness
A criterion used in constitutional law to determine if a court case is premature for review because the issues involved have not yet fully developed.
Q18: If the supply curve for clams is
Q89: (Figure: Price Control) Look at the figure
Q98: (Figure: Market Demand) Look at the figure
Q113: If the demand curve for clams is
Q127: If the elasticity of demand is _
Q173: Producer surplus is represented by the area
Q209: The benefits principle of taxation means individuals
Q221: The _ tax rate on income represents
Q222: The total amount of the good that
Q238: If the price of chocolate-covered peanuts increases