Which of the Following Will Not Increase the Demand for Iced

question 87

Multiple Choice

Which of the following will not increase the demand for iced tea?

• A)​an increase in advertising that makes drinking iced tea more appealing
• B)​an increase in the price of iced coffee, a substitute product
• C)​an increase in the income of consumers (assume that iced tea is a normal good)
• D)​a decrease in the price of iced tea

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Definitions:

Privity of Contract

The relationship between parties in a contract that confers rights and obligations. It typically prevents a third party from enforcing or being subject to the terms of the contract.

Equitable Assignment

The transfer of future rights to benefits in property or contracts, recognized by equity rather than common law.

Non Est Factum

A legal defense claiming a contract is invalid because it was misunderstood or misrepresented at the time of signing, not reflective of the signer's intent.

Unconscionability

A condition in contract law where an agreement is deemed unjust or extremely one-sided in favor of the party with superior bargaining power.