Companies depend on consistency and predictability in the laws and regulations of their industry. that allows them to make business decisions and understand the consequences. read about the legal concepts of precedent and stare decisis in your textbook. in your assignment: summarize the concepts of precedent and stare decisis discuss whether and/or why you think these concepts are important to provide stability for businesses to operate.

Identify which of the twelve basic functions listed below fit the description given.

Goods and services that can be used for the same purpose are and goods and services that are used together are

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls