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-pecuniary damages are damages for âpain and sufferingâ, sometimes also described as âloss of enjoyment of lifeâ. These damages are supposed to compensate the claimant for having to experience symptoms caused by the accident, having a loss of expectation of life, etc.