An Advisory Opinion Is Defined as an Opinion Unrelated to a Particular

question 133

True/False

An advisory opinion is defined as an opinion unrelated to a particular case that gives a court's view about a constitutional or legal issue.

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Definitions:

Price Elasticity

An indication of the extent to which the demand or supply of a product alters following a variation in its price.

Substitutes

Products or services that can be used in place of each other, where the increase in price of one leads to an increase in demand for the other.

Complements

Items or services used together, where the use of one increases the demand for the other.

Consumer Surplus

The variance between the aggregate amount consumers intend and can afford to pay for a good or service and the total they actually do pay.