Figure 3-22

question 307

Multiple Choice

Figure 3-22
-Refer to Figure 3-22. Graph C shows which of the following?

• A) An increase in demand and an increase in quantity supplied.
• B) An increase in demand and an increase in supply.
• C) An increase in quantity demanded and an increase in quantity supplied.
• D) An increase in supply and an increase in quantity demanded.

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Definitions:

Respondeat Superior

A legal doctrine that holds an employer or principal legally responsible for the wrongful acts of an employee or agent, if such acts occur within the scope of the employment or agency.

Principal

In legal and business context, the principal is a party who authorizes an agent to act on their behalf for the purpose of conducting specific tasks or transactions.

Employee's Negligence

An employee’s failure to exercise reasonable care in the course of their work duties, which results in harm to another.

Intentional Torts

Wrongful acts committed with the intention of causing harm to others, which can include assault, battery, and defamation.