(Table) According to the Data in the Table, What Happens

question 158

Multiple Choice

(Table) According to the data in the table, what happens if quantity supplied rises by 4 units at each and every price? $$\begin{array} { c c c } \text { Price } & \begin{array} { c } \text { Quantity } \\\text { Demanded }\end{array} & \begin{array} { c } \text { Quantity } \\\text { Supplied }\end{array} \\\$ 10 & 18 & 6 \\\$ 20 & 16 & 8 \\\$ 30 & 14 & 10 \\\$ 40 & 12 & 12 \\\$ 50 & 10 & 14 \\\$ 60 & 8 & 16\end{array}$$

• A) The equilibrium price drops to $30 and the equilibrium quantity rises to 14 units.
• B) The equilibrium price drops to $30 and the equilibrium quantity falls to 10 units.
• C) The equilibrium price rises to $60 and the equilibrium quantity rises to 16 units.
• D) The equilibrium price drops to $6, and the equilibrium quantity falls to 10 units.

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Definitions:

Promoters of a Corporation

Individuals or entities involved in the creation and organization of a corporation, including raising capital and completing legal formalities before registration.

Formal Documents

Official papers that follow a specific format or standard, often used for legal, official, or ceremonial purposes.

Solicit Capital

The act of requesting funding or investment from individuals or organizations, typically for business operations or projects.

General Supply

Refers to the overall provision or stock of resources, goods, or equipment that is available for use.