If there is an increase in price of petrol, there would be a movement along the demand curve and a smaller quantity would be bought.
There are two general categories of damages that may be awarded if a breach of contract claim is proved. 1. Compensatory Damages. Compensatory damages (also called âactual damagesâ) cover the loss the nonbreaching party incurred as a result of the breach of contract.
Non-Economic damages usually refers to âPain and Sufferingâ which is the legal term for the physical and emotional stress caused from an injury. Physical pain, mental suffering, emotional distress, and loss of consortium (loss of spousal companionship and services) are some examples of Non-Economic damages.