A Tax on the Buyers of Cereal Will Increase the Price

question 131

Multiple Choice

A tax on the buyers of cereal will increase the price of cereal paid by buyers,

• A)decrease the effective price of cereal received by sellers,and decrease the equilibrium quantity of cereal.
• B)decrease the effective price of cereal received by sellers,and increase the equilibrium quantity of cereal.
• C)increase the effective price of cereal received by sellers,and decrease the equilibrium quantity of cereal.
• D)increase the effective price of cereal received by sellers,and increase the equilibrium quantity of cereal.

Analyze the conditions under which a contract can be considered breached, with a focus on agreements relating to sales, services, and debts.

Comprehend how the adequacy of consideration, or the lack thereof, affects the validity of a contract.

Describe the legal ramifications of negotiating and modifying obligations when faced with unforeseen difficulties or changes in circumstances.

Grasp the legal principles governing rewards, including contracts arising from offers of rewards for specific actions.