Duffy Is a Passenger in a Car That Caleb Is

question 22

Multiple Choice

Duffy is a passenger in a car that Caleb is driving when an accident occurs.Both Caleb and Duffy are emotionally rattled,but neither is physically hurt.Caleb is not liable to Dufy on a negligence theory because

• A)both parties were emotionally rattled.
• B)Caleb apparently did not intend to cause an accident.
• C)Duffy must have been comparatively negligent.
• D)Duffy was not injured.

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Definitions:

Price Increase

A rise in the cost of goods or services over time.

Unit Elastic

A scenario in which a change in price by a certain percentage results in an identical percentage change in the amount demanded or supplied.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price during a specified time period.

Price of Radios

The amount of money required to purchase a radio, influenced by factors such as brand, technology, and market demand.