Under the Restatement Third)of Torts,which of the Following Results in Strict

question 19

Multiple Choice

Under the Restatement Third) of Torts,which of the following results in strict liability?

• A)A manufacturing defect but not a design defect or a failure to warn.
• B)A design defect and a failure to warn but not a manufacturing defect.
• C)A design defect but not a manufacturing defect or a failure to warn.
• D)A manufacturing defect,a design defect,and a failure to warn.
• E)Both a manufacturing defect and a design defect but not a failure to warn.

---

Definitions:

Elasticity

A measure of how much the quantity demanded or supplied of a good responds to a change in price or other factors.

Long-run Profit

The amount of financial gain achieved over a longer period, taking into account all fixed and variable costs.

Market Demand Curve

Curve relating the quantity of a good that all consumers in a market will buy to its price.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that consumers are willing to purchase at various prices.