The Price of Peaches Goes Up and I Observe You

question 8

Multiple Choice

The price of peaches goes up and I observe you buying fewer strawberries.Which of the following is consistent with this observation:

• A)Strawberries are inferior and peaches are normal.
• B)Strawberries are normal and peaches are inferior.
• C)Both strawberries and peaches are inferior.
• D)Both (a) and (b).
• E)Both (a) and (c).
• F)Both (b) and (c).
• G)All of the above.

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Definitions:

Legal Duty

An obligation imposed by law, requiring a person to conform to a certain standard of conduct toward others.

Res Ipsa Loquitur

A legal doctrine that allows for the presumption of negligence on the part of the defendant, inferred from the very nature of the accident or injury.

Burden Of Proof

The obligation to prove one's assertion or claim in a legal dispute.

Negligence Per Se

A legal doctrine where an act is considered negligent because it violates a statute or regulation that is designed to protect the public.