Helped by Desktop Publishing, the Number of Vintage Baseball Card

question 4

Multiple Choice

Helped by desktop publishing, the number of vintage baseball card forgeries has flooded the market for vintage baseball cards.Dealers left the market for fear of purchasing a phony.What was the effect on the market for vintage baseball cards assuming phonies cannot be detected?

• A)Demand shifted to the left, supply did not change, price declined, and quantity traded declined
• B)Supply shifted to the right, demand did not change, price declined, and quantity traded rose
• C)Supply shifted to the right, demand shifted to the left, and price rose
• D)Supply shifted to the right, demand shifted to the left, and price declined

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Definitions:

Liquidating Dividend

A type of dividend paid by a company to its shareholders out of its capital base, indicating a return of some of the original investment rather than profit.

Capital Contributed

The total value of cash and other assets that shareholders or owners have given to a company in exchange for an ownership interest.

Federal Law

Legislation enacted by the national government of a country, applicable across the entire country.

Premium on Stock

The amount by which the sale price of a stock exceeds its par value, often occurring when investors view the company as having strong future prospects.