A Decrease in the Price of a Good Would

question 89

Multiple Choice

A decrease in the price of a good would

• A)increase the supply of the good.
• B)increase the quantity demanded of the good.
• C)give producers an incentive to produce more to keep profits from falling.
• D)shift the supply curve for the good to the left.

Discuss the legal consequences of void, voidable, and valid titles in sales transactions.

Explain the impact of shipping terms, such as "CIF", on the risk of loss and transfer of goods.

Understand the conditions under which a buyer may have voidable title and the implications thereof.

Analyze the role and requirements of documentation in goods-in-bailment and other sales contracts.

---

Definitions:

Light Rays

Straight lines that represent the direction and path that light is moving.

Visual Defects

Abnormalities or impairments in eyesight affecting how an individual sees.

Medical Doctor

A qualified practitioner of medicine; a physician who has completed rigorous education and training to diagnose, treat, and prevent illnesses.

Medicine Dropper

A small tool used for transferring a measured amount of liquid medicine, consisting of a squeezable bulb and a narrow, cylindrical tube.