Examlex
Assume that the supply curve shifts to the right by a given amount at each price.The price in the market will decline the most if demand is more price-_____ and supply is more price-_____.
Strict Liability
A legal principle that holds a party responsible for damages or harm without requiring proof of negligence or fault.
Unreasonably Dangerous
A legal standard used to describe product defects that pose a risk of harm to the consumer or user that is beyond what would be contemplated by the ordinary consumer, with knowledge common to the community.
Strict Liability
A legal standard that holds parties responsible for damages or harm caused by their actions, regardless of fault or intent.
Unreasonably Unsafe
Describes a condition or product that poses a significant risk of harm to people or property beyond what would be considered reasonable.
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