The Demand for Grape-Flavored Hubba Bubba Bubble Gum Is Likely

question 204

Multiple Choice

The demand for grape-flavored Hubba Bubba bubble gum is likely

• A) inelastic because there are many close substitutes for grape-flavored Hubba Bubba .
• B) elastic because there are many close substitutes for grape-flavored Hubba Bubbb.
• C) inelastic because the market is broadly defined.
• D) elastic because the market is broadly defined.

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Definitions:

Res Ipsa Loquitur

A legal doctrine that allows for the assumption of negligence on the part of a defendant when an accident is of a type that typically does not occur without negligence.

Doctrine Application

A legal principle that is applied to a case or situation to resolve it.

Actual Cause

The direct, factual reason something happened in legal causation, often referred to as 'cause in fact.'

Proximate Cause

A legal concept that establishes the actual cause of an event or damage, linking the defendant's actions to the consequences directly.