Question
When someone is injured in an auto accident and wishes to sue the other driver, the lawyer often takes the case on a contingency basis.
When someone is injured in an auto accident and wishes to sue the other driver, the lawyer often takes the case on a contingency basis. This means that the lawyer will get paid only if his client wins the case and collects damages. If the injured person loses the case, the lawyer will not charge anything. What does this tell you about the price elasticity of demand for personal injury lawsuits? Please explain.
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Managerial Economics Applications, Strategies and Tactics
Authors: James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
13th edition
1285420926, 978-1285962399, 978-1285947853, 1285947851, 978-1285420929
