Table 101 -Refer to Table 10

question 18

Multiple Choice

Table 10.1
$$\begin{array}{l}\text { Table } 10.1\\\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Quantity of } \\\text { Aggregate Output } \\\text { Demanded (\$) }\end{array} & \begin{array} { c } \text { Price } \\\text { Level }\end{array} & \begin{array} { c } \text { Quantity of } \\\text { Aggregate Output } \\\text { Supplied (\$) }\end{array} \\\hline 7.0 & 110 & 5.0 \\\hline 6.5 & 120 & 5.5 \\\hline 6.0 & 130 & 6.0 \\\hline 5.5 & 140 & 6.5 \\\hline 5.0 & 150 & 7.0 \\\hline\end{array}\end{array}$$
-Refer to Table 10.1, which shows the aggregate demand and aggregate supply in an economy. What is quantity supplied if the price levels is at 110?

• A) $7.0
• B) $6.5
• C) $6.0
• D) $5.5
• E) $5.0

---

Definitions:

Unreasonably Dangerous Product

In product liability, a product that is defective to the point of threatening a consumer’s health and safety. A product will be considered unreasonably dangerous if it is dangerous beyond the expectation of the ordinary consumer or if a less dangerous alternative was economically feasible for the manufacturer, but the manufacturer failed to produce it.

Tort Action

A lawsuit brought to obtain a private civil remedy for harm caused by wrongful conduct.

Strict Liability

A legal doctrine that holds a party responsible for their actions or products without the plaintiff having to prove negligence or fault.

Product Liability

The legal liability of manufacturers, sellers, and lessors of goods to consumers, users, and bystanders for injuries or damages that are caused by the goods.