Table 3-2 -Refer to Table 3-2. If the Price Is $1,000

question 149

Multiple Choice

Table 3-2

-Refer to Table 3-2. If the price is $1,000,

• A)Denise is an eager supplier.
• B)Catherine is an eager supplier.
• C)Dale's producer surplus is $500.
• D)All of the above are correct.

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Definitions:

Preferred Shares

A class of ownership in a corporation that has a higher claim on its assets and earnings than common shares, often paid dividends before common shareholders.

Treasury Shares

Previously outstanding shares repurchased by a corporation that are not canceled or restored to unissued status.

Repurchased Shares

Stocks that have been bought back by the issuing company from shareholders, reducing the amount of outstanding shares on the market.

Outstanding Shares

A corporation’s shares currently held by shareholders.