Other Things Equal, the Supply of Index Cards Is Likely

question 82

Multiple Choice

Other things equal, the supply of index cards is likely to be affected by all of the following except one.Which is the exception?

• A)the price of wood pulp used in the production of index cards
• B)the technology in the index card production process
• C)the price of index cards
• D)the price of packaging material (a substitute in production)
• E)the future price of index cards expected by producers

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Definitions:

Used Car Dealers

Businesses specialized in selling pre-owned vehicles to consumers.

Strict Liability

The doctrine under which people may be liable for injuries to others whether or not they have been negligent or committed an international tort. Also called absolute liability.

Unavoidably Dangerous

Products or activities that cannot be made completely safe, no matter the amount of caution used in their design or execution.

Punitive Damages

Damages in excess of actual losses suffered by the plaintiff awarded as a measure of punishment for the defendant’s wrongful acts. Also called exemplary damages.