Which of the Following Would Render a Contract Voidable

question 55

Multiple Choice

Which of the following would render a contract voidable?

• A) the contract being unilateral
• B) one of the parties to the contract committing a crime
• C) one of the parties to the contract being underage
• D) the contract being bilateral

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Definitions:

Cross-price Elasticity

Measures the responsiveness of the demand for one good to a change in the price of another good.

Good Y

Typically, a variable used in economic models to represent a generic good or service in the market.

Income Elasticity

A measure of how much the demand for a good or service changes in response to changes in consumer income.

Inferior Good

is a type of good whose demand decreases when the income of consumers increases, contrary to what is observed with normal goods.