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.
As an element of general damages, loss of profits may be recovered for a breach of contract if: 1  The loss is the direct and natural consequence of the breach, 2  It is reasonably probable that the profits would have been earned except for the breach, and. 3  The amount of loss can be shown with reasonable certainty.