Rick agrees to buy 20 acres of land from tina. three weeks before the deal is to close, rick calls tina and says, "the deal is off! " in this situation, rick's actions constitute:

In this situation, Rick's actions constitute "anticipatory repudiation of the contract."

Explanation:

When two parties agree on any contract but due to some reasons one party does not meet requirements of that contract and breach the contract in his/her own words, this is known as anticipatory repudiation of the contract. Thus Rick's actions constitute anticipatory repudiation of the contract as he calls Tina and say that the deal is off.

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changes in factors like average income and preferences can cause an entire demand curve to shift right or left. this causes a higher or lower quantity to be demanded at a given price. demand curves relate the prices and quantities demanded assuming no other factors change. it is important for consumers to know this information, because it is crucial for them to know what they can afford and can't afford. i hope this .