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Banquets & Parties (B&P) Contracts to Buy 1,000 Uninflated Balloons

Question 16

Multiple Choice

Banquets & Parties (B&P) contracts to buy 1,000 uninflated balloons from Gas Bags, Inc., for $1 per item. When the market price decreases to 50 cents per balloon, B&P refuses to go through with the deal. Gas Bags can recover


A) ​$1,500.
B) ​$1,000.
C) ​$500.
D) ​$0.

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