The Following Question Are Based on the Following Diagram Illustrating

question 22

Multiple Choice

The following question are based on the following diagram illustrating the results of a study of food expenditures and income for a group of families:

-The evidence presented in the graph indicates that

• A) all families at a given income level spend the same amount on food.
• B) the amount of household income depends on the amount of household food expenditures.
• C) an inverse relationship exists between the two variables.
• D) for the families included in the study, no relationship exists between food expenditures and income.
• E) if income falls an average of $15,000, annual food expenditures will fall an average of $2,500.

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Definitions:

Quasi-Contract

A court-imposed contractual obligation to prevent unjust enrichment.

Unjustly Enriched

A legal term describing a situation where an individual unjustly benefits at another's expense, potentially requiring restitution.

Plaintiff

The party who initiates a lawsuit against another party, known as the defendant, in a court of law.

Liquidated Damages

A set amount of money that is required to be paid as compensation for not fulfilling contractual obligations.