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Uri sells 100 cases of vitamins to Wanda,but before she takes physical possession,the cases are lost.Under the UCC,the parties' rights and obligations with respect to the loss depend on the concept of
Recession
A phase of brief economic downturn marked by a decrease in business and manufacturing activities, typically recognized when there's a drop in Gross Domestic Product (GDP) for two consecutive quarters.
Price Ceiling
A government-imposed limit on how high a price can be charged on a product, intended to protect consumers from high prices, but can lead to shortages.
Shortage/Surplus
A market condition where the quantity demanded exceeds the quantity supplied (shortage) or the quantity supplied exceeds the quantity demanded (surplus).
Price Ceiling
a legally imposed maximum price on goods or services, above which they may not be sold to prevent market prices from rising too high.
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