Examlex
The law requires that a common carrier must accept all shipments that it is authorized to:
Inelastic Demand
A scenario where the product's demand remains largely unaffected despite variations in its price.
Licensing
A requirement that one obtain permission from the government in order to perform certain business activities or work in various occupations.
Essential Resource
A fundamental input or asset that is necessary for the production processes or for sustaining life and economic activities.
Taxi Cabs
Licensed vehicles for hire that provide passenger transport services for a fare, traditionally hailed on the street or booked in advance.
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