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If the percentage change in quantity supplied is 10% and the percentage change in price is 10% then the supply for the good is
Personal Liability
The legal responsibility of an individual to bear the financial costs associated with either their actions or inactions.
Scope of Employment
A legal concept referring to the range of activities an employee is reasonably expected to engage in as part of their job duties.
Torts
Legal wrongs committed against a person or property, excluding breach of contract, for which a court provides a remedy in the form of an action for damages.
Apparent Authority
The appearance or assumption of authority based on the conduct or statements of the principal, leading third parties to believe an agent has authority to act.
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