Examlex
Res ipsa loquitur applies when the plaintiff had exclusive control of the instrumentality or situation that caused his or her own injury.
Goods
Physical items that satisfy human wants or needs and can be transferred or sold.
Price-Consumption Curve
Curve tracing the utility-maximizing combinations of two goods as the price of one changes.
Utility
A measure of satisfaction or happiness that a consumer derives from the consumption of goods and services.
Engel Curve
Curve relating the quantity of a good consumed to income.
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