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sergiy2304 [10]
4 years ago
8

Big Dig LLC makes an offer to perform an excavation and related tasks for Commercial Development Corporation, but due to a subst

antial mathematical mistake, significantly underprices the work. Commercial accepts the offer. Data Big’s best defense against enforcement of the contract is that Commercial knew: a. a bilateral mistake supports the cancellation of a contract.b. the price was below the prices of comparable services.c. a mistake of value supports the cancellation of a contract.d. a unilateral mistake supports the cancellation of a contract.
Business
1 answer:
inessss [21]4 years ago
5 0

Answer:

b. the price was below the prices of comparable services.

Explanation:

In a market there are number of people providing the same services. Accordingly a fair rate for any service can be easily determined.

In the given instance, Big Dig made a fault by charging low fee as, that service demands particularly high fee.

Although Commercial Development Corporation can easily counter confirm the price of service in the market, and that it knows  that the contract is certainly mistaken by Big Dig, it can and should ethically agree with the revised price, that is the correct price as per the prevailing market prices.

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Answer:

$20,000

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New car bought from the manufacturer = $17,000

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Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we woul
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In the market for personal computers, we would expect the Equilibrium quantity to rise and the change in the equilibrium price to be ambiguous.

<h3>What is equilibrium quantity?</h3>
  • When there is no shortage or surplus of a product on the market, it is said to be in equilibrium quantity.
  • When supply and demand meet, the amount of an item that consumers want to buy equals the amount supplied by its producers.
  • The equilibrium price is the only price at which consumers' and producers' plans coincide—that is, the amount consumers want to buy of the product, quantity demanded, equals the amount producers want to sell, quantity supplied.
  • Assume there is an increase in both supply and demand for personal computers.
  • The Equilibrium quantity would then rise in the market for personal computers, while the change in the equilibrium price would be ambiguous.

Therefore, in the market for personal computers, we would expect the equilibrium quantity to rise and the change in the equilibrium price to be ambiguous.

Know more about equilibrium quantity here:

brainly.com/question/22569960

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The correct question is given below:

Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we would expect the Equilibrium quantity to ______ and the change in the equilibrium price to be __________

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