Use the Following to Answer Question

question 45

Multiple Choice

Use the following to answer question:
Figure 18.2
-(Figure 18.2) The graph shows the demand and supply curves for Bryce Harper's rookie baseball card. If baseball card collectors, who are loss-averse, originally paid $6 for Harper's card, the current market for Harper's card will be characterized by:

• A) 3 million cards being traded.
• B) an excess supply of 3 million cards.
• C) an excess demand of 3 million cards.
• D) 5 million cards being traded.

---

Definitions:

Fixed Charges

Fixed charges are ongoing, regular expenses that a company or individual must pay, such as loans, rent, and utility bills, which do not vary with business volume or activity.

Floating Charges

A security interest over a pool of changing assets of a company which "floats" until it is converted into a fixed charge, generally upon the occurrence of a default event.

Quebec Charter

A legal framework specific to the province of Quebec that outlines individual rights and freedoms.

French Language

A Romance language spoken as a first language in France, parts of Belgium and Switzerland, and in many other countries as a second language.