Examlex
An example of proximate cause liability is where an officer unknowingly leaves the scene of an accident where there is spilled oil,and does not properly warn motorists.
Market Demand
The total quantity of a good or service that all consumers in the market are willing and able to purchase at different prices.
Market Supply
The total quantity of a good or service that all producers in a market are willing and able to sell at various price levels.
Demand Curve
A graphical representation that shows the quantity of a product or service desired by buyers at various price levels.
Tax
Mandatory financial charges or other types of levies imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
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