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In the 1990s, legal researcher Erin Brockovich helped win a lawsuit against Pacific Gas and Electric Company because they had been poisoning the water in the small town of Hinkley, California, for thirty years. Toxic Chromium 6 leached into the water system and sickened many Hinkley residents with ailments like liver damage and cancer. How would the illnesses of the Hinkley residents be classified?
Demand Curve
A graph that illustrates the relationship between the price of a good or service and the amount of it that consumers are willing and able to purchase at various prices, typically downward sloping.
Steak And Potatoes
Often used metaphorically to denote basic, but solid and satisfying elements or aspects of something.
Complements
Goods or services that are used together, where the increase in demand for one leads to an increase in demand for the other.
Demand Curve
A graphical representation of the relationship between the price of a good and the quantity demanded by consumers, holding all other factors constant.
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