In the graph above, draw a supply curve, S1, and then draw a less elastic supply curve, S2. 
Definitions:
Statute Of Limitations
A law prescribing a time limit for bringing certain kinds of legal action, after which claims or charges cannot be enforced or prosecuted.
Sale Of Goods
Transactions involving the transfer of ownership of tangible items from a seller to a buyer for a price.
Equitable Maxim
Fundamental principles guiding the fair and just application of the law, ensuring decisions are made with equity in legal proceedings.
Seeks Equity
A legal principle where a party requests a fair and impartial remedy in a dispute, typically when monetary damages are insufficient.
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