Use the Following to Answer Question

question 105

Multiple Choice

Use the following to answer question:
-(Table: Competitive Market for Good Z) Use Table: Competitive Market for Good Z.The equilibrium price and quantity in this market are,respectively:

• A)$5 and 40 units.
• B)$20 and 60 units.
• C)$10 and 30 units.
• D)$10 and 60 units.

Outline the implications of failing to warn on product liability.

Identify the legal theories and tests used to establish a design defect.

Understand the basis for breach of warranty claims.

Recognize the role of consumer expectations and risk-utility analysis in product liability lawsuits.