Regression analysis was applied between demand for a product (Y) and the price of the product (X) ,and the following estimated regression equation was obtained.
= 120 - 10 X
Based on the above estimated regression equation,if price is increased by 2 units,then demand is expected to
Definitions:
Mutual Mistake
A situation in a contract where all parties involved have a shared misunderstanding regarding a fundamental fact or aspect of the agreement.
Unilateral Mistake
A mistake made by only one party in a contract, which may not always void the contract.
Legal Consent
Involves the agreement or permission given by a person who is of legal age and has the mental capacity to make an informed decision.
Mutual Mistake
A situation in contract law where all parties involved have a mistaken understanding of one or more material facts relevant to the contract.
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