Yesterday's Newspaper Reported the Results of a Study Indicating That

question 45

Multiple Choice

Yesterday's newspaper reported the results of a study indicating that people who eat more bananas are more attractive to the opposite sex.What do you expect to happen to the market price and quantity of bananas?

• A)price will decrease,quantity will decrease
• B)price will decrease,quantity will increase
• C)price will increase,quantity will decrease
• D)price will increase,quantity will increase

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Definitions:

Unilateral Mistake

A legal term describing a situation where only one party to a contract is mistaken about a basic assumption on which the contract is based.

Innocent Misrepresentation

A false statement made without knowledge of its falsity, not intended to deceive, which can lead to a contract being voided if relied upon by the other party.

Rescission

The legal remedy of canceling, terminating, or annulling a contract and restoring the parties to their original positions as if the contract had never been made.

Compensatory Damages

Financial compensation awarded to a plaintiff to cover losses or injuries that have been directly caused by the actions of the defendant.