Which Is Most Correct

question 2

Multiple Choice

Which is most correct?
The costs of either party in undertaking reasonable pre-action protocol practice guidelines are …

• A) recoverable as 'incidental to' proceedings if proceedings are subsequently issued.
• B) not generally recoverable within the costs of any subsequently issued proceedings.
• C) generally only recoverable as part of the costs of an action subsequently issued if they were part of the detail of the claim set out in the letter of claim.
• D) generally recoverable in any subsequently issued proceedings.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing to purchase at each price point.

Elastic Demand

A situation in which the demand for a product or service is significantly responsive or sensitive to changes in its price.

Total Revenue

The total amount of money generated from the sale of goods or services before any expenses are subtracted.

Price Elasticity

A measure of how much the quantity demanded of a good or service changes in response to a change in its price.